InteliData raises $3.3 million additional funding
09 July 2003 | 2426 views | 0
InteliData Technologies, a US provider of Internet banking and EBPP software, has raised an additional $3.3 million from the exercise of warrants by investors who participated in the vendor's private placement in 2001.
The warrant exercise resulted in the issuance of 1.4 million shares of InteliData common stock. All of the warrants that were issued as part of the 2001 private placement have now been exercised.
Alfred Dominick, chairman and chief executive officer, InteliData, says: "This cash infusion will be beneficial as we continue to seek new business opportunities and further develop our operating plan objectives."