View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 2, 1999

GREAT PLAINS, ISS & NETGRAVITY RAISE MORE CASH

By CBR Staff Writer

Several technology companies moved to raise more capital Tuesday, with financial software house Great Plains Software Inc and network security firm Internet Security Systems Inc both completing public offerings of common stock, as internet advertising software provider NetGravity Inc filed with the SEC for an offering of its own. Great Plains sold 2.0 million shares at $38 per share. Of the total, 1.235 million were sold by the company, netting it roughly $44m. The proceeds are expected to be used for general corporate purposes, product development, capital expenditures and possible acquisitions. Meanwhile, ISS Group Inc – the parent company of ISS Inc – sold 1.2 million shares on Tuesday at $59 a piece, raising $70.8m before expenses. Certain shareholders also sold 1.2 million shares at the same price. NetGravity also said that it has filed a registration statement with the SEC for a secondary public offering of 3.6 million shares, of which 2,738,000 shares will be offered by the Company and 862,000 shares will be offered by certain stockholders. The offering price has not been set but, based on Monday’s closing price, the offering would bring in $75.8m before expenses.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU