Friday, August 27, 2010

Wi2Wi Gets Credit Facility

San Jose-based Wi2Wi, a provider of system-in-package (SIP), modules, and subsystems for the wireless, embedded market, has received a credit facility from Bridge Bank, according to Bridge Capital Holdings, the parent firm of Bridge Bank. Size of the credit facility was not announced. Wi2Wi said the credit facility will expand its working capital. The credit facility will be secured by Wi2Wi's outstanding receivables.