And just like that, Seagull can spend another $2 mil

How would you like a $4 million line of credit? Seagull Software got just that, announcing this week that SVB Silicon Valley Bank has extended a $4 million revolving line of credit for general corporate purposes in support of Seagull Software’s business plans. The line represents a neat doubling of the $2 million working capital line of credit established in 2004.

With the announcement, Seagull representatives announced that the software firm had not actually found the need to dip into its SVB line of credit as of now, but the company “is very pleased to have this resource at its disposal as organic and external business investment opportunities emerge.”

Seagull Software specializes in technology that converts legacy applications into SOA-compliant web services. Seagull’s LegaSuite software platform includes integration, GUI, workflow and terminal emulation technology. LegaSuite is based on open standards including web services, XML, J2EE and .NET.

Company figures show that Seagull Software technology is used in more than 10,000 business and government organizations in over 30 countries. Seagull Software has direct operations in the United States, Canada, the Netherlands, UK, France, and Germany, supplemented by distributors serving approximately 30 additional countries.

SVB Silicon Valley Bank provides commercial banking services to emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Founded in 1983 and headquartered in Santa Clara, Calif., SVB today has 27 U.S. offices and three international operations. SVB Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Alliant, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services.