Pivot3 re-opened its offering to place $2 million more

Change: offered +25% / raised +25% / placed 100%

pivot3 Pivot3 re-opened and closed its unregistered equity offering after increasing the placement’s size from $8.08 million to $10.08 million. It appears all the remaining $2 million worth of securities were placed among the six investors that were already disclosed in Pivot3‘s filing a couple of months ago. At the time they had invested $8.08 million in the financing round. It took a couple of months for the offering to be fully subscribed and close. The company closed eleven unregistered private placements which raised an estimated $109.43 million.

Pivot3 develops and markets server and storage virtualization software and hardware. The company is backed by Samsung Venture Investment, Mesirow Financial,Northleaf Capital Partners, Silver Creek Ventures, Focus Ventures, InterWest Partners and Lightspeed Venture Partners.

The company is headquartered in Austin TX. Pivot3 elected to keep its revenues undisclosed.
The executive team includes H Ronald Nash, Michael P Dansby and William C Galloway.
The board of directors includes Alan J Higginson, Brian R Smith, Daniel P Howell, Donna Troy, Khaled Nasr and Marc Zionts.

The company has raised an estimated total of $119.51 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Pivot3
Industry: Other Technology
Amount offered: $10.08 million
Amount placed: $10.08 million
First sale: 08-04-2014
Data as of: 10-23-2014

For more information visit www.XDATA.co


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