Daleen Technologies announces completion of private placement.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Dec. 10, 1996--Daleen Technologies Inc., a communications software development company located in Boca Raton, announced that is has completed a private placement of debt and common stock warrants through its Placement Agent, Laidlaw & Co. Inc. The proceeds of the private placement will be used for operating purposes and to repay short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. . Daleen is a Boca BOCA Building Officials and Code Administrators International, Inc. BOCA Bird Observers Club of Australia BOCA Business Object Component Architecture BOCA Borland Object Component Architecture (Borland) Raton-based company that specializes in developing software products for the communications industry. Its products include BillPlex(tm), billing software for communications companies, and Presence(tm), high transaction electronic commerce software for Internet and Intranet applications. The company has 55 employees and is growing rapidly. Historically, the company grew from consulting engagements building high-end technology for Fortune 100 companies, including Ericsson Telecom, Siemens, 3M, AT&T Wireless, and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. . CONTACT: Daleen Technologies Inc., Boca Raton James R. Daleen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Voice: 561/997-1612 Fax: 561/241-7201 |
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