Columbia-based technology company Lotame Solutions Inc. has been awarded a $5.5 million venture loan that's expected to help boost sales and marketing.
The loan came from Horizon Technology Finance Corp. The
Lotame, which offers data management services to publishers, ad networks and marketers, plans to strengthen its global initiatives and hire new employees on its sales, technology and executive teams.
The loan will help Lotame meet a "strong and growing demand" for the company's data management products, said Andy Monfried, Lotame's founder and CEO.
Gerald A. Michaud, Horizon's president, called Lotame "an exciting company with a strong entrepreneurial spirit."