NetDimensions (AIM: NETD, OTCQX: NETDY) has raised £7.2m/$11.1m gross (c £6.8m/$10.5m net) in a placement of new ordinary shares. In contrast to the May 2013 placement, which was primarily about boosting the sales team, the latest fund-raising is largely about investing in R&D and support functions. It will also bolster the balance sheet, which will make the group’s products an easier sell to its increasingly blue-chip customer base, and will also provide funds for acqui
19 Nov 2015
Balance sheet bolstered
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Balance sheet bolstered
NetDimensions (AIM: NETD, OTCQX: NETDY) has raised £7.2m/$11.1m gross (c £6.8m/$10.5m net) in a placement of new ordinary shares. In contrast to the May 2013 placement, which was primarily about boosting the sales team, the latest fund-raising is largely about investing in R&D and support functions. It will also bolster the balance sheet, which will make the group’s products an easier sell to its increasingly blue-chip customer base, and will also provide funds for acqui