Mr. Andy Kirk reports

CIBC INNOVATION BANKING LED A SYNDICATION AND ACTED AS LEAD ARRANGER FOR TEAMWORKS

Canadian Imperial Bank of Commerce's CIBC Innovation Banking has recently acted as the lead arranger and administrative agent on a syndicated credit facility for Teamworks, a software business based in Durham, N.C., that provides a leading operating system for sports organizations. The company will use the financing to support future organic and inorganic strategic growth initiatives.

Teamworks provides the top operations software for teams, including professional organizations, colleges, national governing bodies, and military or tactical teams. The software offers purpose-built solutions for the everyday challenges of athletes and administrators, including development, performance, recruiting, branding, training management, compliance, payments and more.

Existing investors include: Delta-V Capital, Dragoneer Investment Group, General Catalyst Partners and Seaport Capital.

"We are excited to expand our relationship with Teamworks as it continues along its strong growth trajectory," said Andy Kirk, managing director in CIBC Innovation Banking's southeast region.

"This is another great example of how CIBC Innovation Banking can scale with clients over time," said Walt Sparks, executive director, syndications group, CIBC Innovation Banking.

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America -- a longer record than most banks. CIBC Innovation Banking now has over $11-billion in funds managed, including life sciences, health care, clean technology companies, investors and entrepreneurs, and has assisted over 700 venture- and private-equity-backed businesses over the past 6.5 years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston and Durham.