Techniche closes $6m capital raising

Techniche closes $6m capital raising

Technology investment company Techniche (ASX:TCN) has completed a $6 million capital raising to fund its purchase of Urgent Technology.

The company raised the funds through a fully underwritten placement and rights issue. The transactions are expected to be complete on May 28.

Techniche meanwhile said it expected to report a profit of $2 million for FY11.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Mergers and acquisitionsUrgent TechnologyTechnichecapital raising

More about TCNTechnology

Show Comments