BitRock reports issuing $1.17 million worth of equity securities


bitrockBitRock placed $1.17 million worth of securities. The placement, which started on May 9th, lured a total of thirteen subscribers. No offering was previously initiated by the company under a registration exemption with the SEC. This equity issuance, based on the company’s maturity, might well be related to the employee stock ownership plan.

BitRock markets and develops tools and services for packaging, deploying and updating software. It’s flagship software is called InstallBuilder. The company’s software as a service (SaaS) product, called BitRock Network Service, is designed to allow software vendors to communicate and better understand its customer base to improve product development and support.

The company is headquartered in San Francisco CA. BitRock elected to keep its revenues undisclosed.
The executive team includes Daniel Lopez Ridruejo and Erica Brescia.
The board of directors includes Reyes Lopez Ridruejo.

Offering recap
Status: Completed
Company: BitRock
Industry: Other Technology
Amount offered: $1.17 million
Amount placed: $1.17 million
First sale: 05-09-2014
Data as of: 05-28-2014

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