Core180 Gains Additional $1.25 Million in Financing to Support Growth

Company Revenue Has Grown from $5.7 Million to $24 Million in Past Year

FAIRFAX, Va. & HOBOKEN, N.J., July 8, 2009-- Core180, the leading telecommunications network integrator, today announced it has received an increase of $1.25 million to its existing line of credit from Silicon Valley Bank. The increase was extended to continue the support of Core180’s operational growth.

“Core180 has seen year-over-year revenue growth of 400 percent, growing from $5.7 million in 2007 to $24 million in 2008,” said Core180 CEO David Baule. “The line increase will help us continue our growth trajectory with both new and existing customers as we continue to deploy purpose-built networks for customers in the government, commercial and carrier industries.”

The company provides wide area networking and management services that reduce networking expenses and improve network scalability, reliability and control. This is done through its carrier-agnostic Network-as-a-Service (NaaS) model that provides clients more network choices and reduces upfront investment costs.

Each solution is “purpose-built” for each client’s individual needs. The company was founded less than three years ago and has grown exponentially.

“SVB is impressed with Core180’s success,” said Christine Egitto of Silicon Valley Bank in Boston. “We believe Core180’s business model and expertise will help the company to continue reaching its goals, and we look forward to providing the resources to sustain that growth.”

About Core180
Core180 is a telecom network integrator that provides Network-as-a-Service (NaaS) solutions to government agencies, large enterprises, carriers and systems integrators. The company utilizes its proprietary platform to design networks that are “purpose-built” for each client’s individual needs.

Core180’s NaaS solution enables customers to benefit from increased options that meet their network capacity requirements. Additional benefits of the NaaS model include improved network flexibility and visibility with reduced capital expense and operational efforts.

Core180 maintains offices in Metro New York (Hoboken, NJ) and in the Washington, DC region (Fairfax, VA). For more information, please visit www.core180.com.

About Silicon Valley Bank
Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB - News), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

Contact:
for Core180
Jason Crawford, 202-296-2002 x115
jwc@ecius.net

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