Investors buy $5.75 million worth of network management software developer Jolata’s equity

XDATA – October 21st 2015
Jolata disclosed placing 82% of its $7 million non-brokered equity issuance. Based on the filing, three investors started to subscribe to the $5.75 million first close on October 7th. Based on the offering’s structure, the company has until October 2016 to raise an extra $1.25 million. It appears to be the first time the company is filling a security offering under a registration exemption.
Jolata markets a big data solution providing real-time and precise network intelligence, by aggregating, analyzing and visualizing millisecond-precision performance statistics for any flow and anywhere on the network. The company is backed by ATA Ventures (via ATA Fund III).
The company, headquartered in San Jose CA, is led by John Loiacono (President). Jolata elected to keep its revenues undisclosed.
The executive team includes Hatch Graham.
Offering recap
Status: First close
Company: Jolata
Industry: Other Technology
Amount offered: $7 million
Amount placed: $5.75 million
SEC filing: Source
First sale: 10-07-2015
Data as of: 10-21-2015

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