Sharechat Logo

Optimizer HQ raises $4 mln from eligible investors, still mulling local listing

Monday 17th June 2013

Text too small?

Optimizer HQ, the Auckland-based tech company, raised $4 million from eligible investors as it mulls joining the local stock exchange after two less than successful listings overseas.

The company will use the new funds to pay for its international expansion, chief executive Manas Kumar said in a statement. Optimizer offers payment, security and cloud solutions, and has offices in the Philippines, Hong Kong, Canada and the US.

"This investment will allow us to continue our international expansion," Kumar said. "The costs of expansion into international markets is expensive, and this new capital will assist us with funding that growth strategy."

Earlier this year Optimizer said it was looking at listing on the NZX, having tried out the now-defunct unofficial market of the Hamburg Stock exchange via a Canada-based licensed partner, and later withdrawing.

Local tech companies have shown a greater willingness to go public, with mobile advertising firm Snakk Media and online search engine builder SLI Systems already listing, and Optimizer is one of a number of other firms looking to join the bourse in coming months.

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report