CIBC Innovation Banking provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities.

SpryPoint helps utilities transform customer service and operations across a cloud-native platform. SpryPoint's approach to the meter-to-cash lifecycle helps utilities go beyond routine tasks – becoming true partners in the modernization journey to create lasting impact and greater value for their clients.

“We are thrilled to embark on this exciting new relationship with CIBC. Their strong financial expertise and commitment to innovation align perfectly with our vision for growth and commitment to providing industry leading solutions to our clients,” said Kyle Strang, Chief Executive Officer of SpryPoint Services, Inc.

“We are thrilled to work with SpryPoint and look forward to supporting the company’s continued innovation in addressing the complex challenges faced by utility providers,” said Niramay, Executive Director, CIBC Innovation Banking. “SpryPoint has become a key player in the rapidly evolving utility software space, driving efficiency and scalability by tackling the critical modernization challenges faced by today’s utility leaders.”