Horizon Technology Finance Corporation closed a $5.5 million venture loan facility to Lotame Solutions, Inc., a data management platform for publishers, ad networks and marketers, to support the firm's continued growth.

With Horizon's financial support, Lotame plans to strengthen global initiatives across five continents, and make key hiring decisions to expand the sales, technology, and executive teams. These efforts are part of Lotame's marketing strategy aimed at boosting adoption of their data management technology platform on a worldwide scale.

"Lotame is an exciting company with a strong entrepreneurial spirit," stated Gerald A. Michaud , president of Horizon. "As Lotame continues to meet its strategic goals, we are pleased to provide the company with important growth capital to accelerate the sales and marketing of its innovative data management platform."

"We appreciate the support and confidence in Lotame shown by Horizon with its $5.5 million venture loan facility," said Andy Monfried , founder & CEO of Lotame. "Horizon and its financing products came highly recommended to us, and its experienced team delivered a financing solution that provides us with the additional liquidity we need to execute our business plan and meet the strong and growing demand for our data management products and services."

Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.