DAZEL Corporation Completes $7 Million Preferred Stock Offering.AUSTIN, Texas--(BUSINESS WIRE)--Jan. 29, 1998--DAZEL(R) Corporation, a privately held developer of enterprise output management software, today announced it raised $7 million in a private preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. offering. The lead investors were affiliated with investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company from Goldman, Sachs & Co. with participation from Austin Ventures, SSM SSM abbr. surface-to-surface missile Venture Partners, Sevin Rosen, Sigma Partners Sigma Partners is a major venture capital firm based in Silicon Valley and Boston. Sigma Partners invests in early-stage information technology companies (semiconductor, software and hardware). The firm was founded in 1984 by J. Burgess Jamieson and C. Bradford Jeffries. , and Integral Capital Partners. "This funding will allow us to maintain our aggressive global expansion program," said Bill Bock Noun 1. bock - a very strong lager traditionally brewed in the fall and aged through the winter for consumption in the spring bock beer lager beer, lager - a general term for beer made with bottom fermenting yeast (usually by decoction mashing); originally , DAZEL's president and chief executive officer. "We now have operations in France, Germany, the United Kingdom and Australia with plans to expand into Japan during 1998. We are pleased to be working with Goldman, Sachs & Co., a company with a history of providing their financial expertise to rapidly growing software companies." CONTACT: DAZEL Corporation, Austin Pat Colpitts, 512/494-7274 pcolpitts@dazel.com or Cam McMartin, 512/494-7222 cam@dazel.com |
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