Tech Company Financing Transactions
MicroSeismic Funding Round
On 10/9/2007, MicroSeismic received $2 million in funding from Square 1 Bank.
Transaction Overview
Company Name
Announced On
10/9/2007
Transaction Type
Debt
Amount
$2,000,000
Round
Undisclosed
Investors
Square 1 Bank (Tommy Deavenport)
Proceeds Purpose
Peter Duncan, Ph.D., CEO of MicroSeismic commented: "While we believe that our existing working capital is sufficient to meet the Company's needs, with revenues on track to double for the second consecutive year, the working capital facility enhances our financial flexibility to execute our growth strategy."
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
10777 Westheimer 500
Houston, TX 77042
USA
Houston, TX 77042
USA
Phone
Website
Email Address
Not Recorded
Overview
MicroSeismic, Inc. is a world leader in microseismic monitoring and passive seismic imaging. Microseismic monitoring is the practice of listening to the seismic noise emitted from a reservoir so as to directly detect such things as patterns of fluid movement, fracture development or compaction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Duncan
Chief Technical Officer
Michael Thornton
Vice President
William Barker
VP - Engineering
Carl Neuhaus
VP - Finance
Noel Knape
VP - Operations
Eric Bourdages
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