Workshare Secures $8.4 Million Revolving Credit Facility From Wells Fargo Capital Finance

Tuesday, June 3, 2014 - 11:03

Workshare, a leading provider of secure enterprise file-sharing and collaboration applications, announced today that it has entered into an $8.4 million credit facility with the Technology Finance Division of Wells Fargo Capital Finance, part of AA-rated Wells Fargo Bank. This augments the company’s $33.8 million in funding raised from Business Growth Fund and Scottish Equity Partners, which was closely followed by the company’s successful merger with SkyDox and IdeaPlane, a cloud collaboration company and social business platform provider.

Workshare will use the facility to accelerate the development of its enterprise-grade file- sharing and collaboration product offerings for cloud, desktop and mobile channels. 

Workshare is used by more than two million knowledge workers, from over 62 percent of the Fortune 1000, representing semi-regulated and highly regulated sectors such as legal and professional services, banking and finance, life sciences, and healthcare to securely create, share, and collaborate on high-value content.