Royal Tunbridge Wells-based Synchronica (AIM: SYNC) has raised 3.5 million pounds (US$7.0 million) through a placing of new ordinary shares. The funds will be used to accelerate growth and strengthen its position in the mass market mobile email and synchronization sector. As well as providing working capital for the business, Synchronica will use the additional funds to: strengthen the balance sheet; expand Synchronica’s sales function; invest in product development; increase the numbers of support and pre-sales staff; and continue with its targeted marketing activities. (release)
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