RESTON, Va. and STERLING, Va./Feb. 10, 2003 - Comerica (NYSE: CMA), a leading financial services company, and Current Analysis, a leading provider of tactical competitive response solutions, announced today that Comerica’s Technology and Life Sciences Division has provided Current Analysis with a $5 million credit facility
"We are pleased to provide this credit facility to Current Analysis, which delivers change-driven, tactical competitive intelligence to a very impressive list of domestic and international companies," said Bradley Steele, vice president and regional manager in Comerica’s Mid-Atlantic Technology and Life Sciences Division. "This deal showcases our ability to structure flexible, creative financing solutions, and demonstrates that we remain committed to the technology market, despite today’s cool economy."
Current Analysis provides rapid, tactical and action-oriented intelligence on highly volatile markets like e-business and telecommunications through its Web-based service, CurrentCOMPETE. Unlike most traditional research and analyst firms, which report on companies and long-term industry trends, Current Analysis provides critical warnings of threats and opportunities, with a focus on their effect on the competitive landscape, as well as tactics necessary to compete.
"Our business is all about providing companies with a competitive advantage, and we believe choosing Comerica as our bank offers us a leg up on our competitors," said Jeff Swartz, CEO and president, Current Analysis. "Comerica has the resources and technology expertise to be a strong partner for us as we continue to expand into new markets and enhance our already robust Competitive Response service offering."
About Current Analysis
Current Analysis enables sales and marketing personnel to anticipate and respond rapidly to competitive threats and market opportunities. The company's competitive response solutions combine continuous, change-driven expert analysis; a powerful Web-based delivery system that enables the effective use, customization, and distribution of its tactical competitive information; and integration services to support broad enterprise deployment through corporate intranets, portals, and customer relationship platforms. The company has offices in Sterling, Virginia; La Jolla, California; Dallas, Texas; Paris, France; Amsterdam, Netherlands and Bracknell in the United Kingdom. For more information on Current Analysis, visit http://www.currentanalysis.com.
About Comerica’s Technology and Life Sciences Division
Comerica’s Technology and Life Sciences Division is one of the nation’s leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. From 19 offices located across the U.S., Comerica’s Technology and Life Sciences Division serves all major technology centers. Comerica is among the 20 largest banking companies in the nation, with $53 billion in assets as of Dec. 31, 2002.
Media Contacts:
Momoko Kishimoto
Current Analysis
(703) 788-3640
mkishimoto@currentanalysis.com
or
Adrienne Moch
Pacifico (for Comerica’s Technology and Life Sciences Division)
(408) 293-8600 x319
amoch@pacifico.com
or
Keith Turner
Comerica Bank-California
(408) 556-5111
keith_turner@comerica.com
