/ BY DATES
/ BY INDUSTRY
Software & Services
Stretch, Inc. Secures $5 million in Debt Financing from MMV Financial
Sunnyvale, CA - December 14, 2010
today annouced that it has provided $5 million in financing to
. Stretch is a fabless semiconductor company that provides software configurable processors for compute-intensive applications.
The new capital provided by MMV will help Stretch further expand its rapidly growing business in providing complete solutions for video processing, as well as expanding into new markets
“We believe that Stretch provides a great solution to today’s top embedded systems designers who are constantly challenged by high system costs and lengthy development cycles,”
said Bob Curley, SVP and Managing Director, MMV Financial. “Stretch
has earned many admirable victories with numerous world class clients. We are excited by the company’s product roadmap and delighted to join an excellent group of investors that strongly believes in the Stretch team and the direction in which they are headed.
“We are pleased to bring on this capital to help fund our fast-growing business and to have the support and financial backing of MMV Financial along with our existing investors,” said Craig Lytle CEO of Stretch. “Stretch is experiencing rapid increases in business for both our device and board-level solutions in video surveillance. This funding will aid in expanding our manufacturing of existing products, as well as provide capital for Stretch to extend its reach into new market opportunities.”
About MMV Financial:
is a specialty finance company that provides creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital and Wells Fargo Company. For more information, please visit
About Stretch, Inc.:
is a fabless semiconductor company that provides software configurable processors and software development tools for compute-intensive applications. Embedded software engineers can automatically configure Stretch’s off-the-shelf processors to achieve extraordinary performance by using standard C/C++ programming methods and Stretch software development tools. The company’s solutions help designers accelerate their performance-hungry applications and achieve significant cost savings. Stretch’s most recent devices deliver the ultimate in performance for highly compute-intensive audio and video applications.
For more information, please visit
For MMV Financial
Robert A. Curley, Jr.
Senior Vice President & Managing Director
For Stretch Inc.
President & CEO
Software & Services
GROWTH CAPITAL SOLUTIONS
:::: Design by
:: 370 King Street West, Suite 442 Toronto ON M5V 1J9 Canada