15th Oct 2015 07:51
LONDON (Alliance News) - Analytics and Big Data software company Fusionex International PLC on Thursday said it has raised GBP14.0 million via a share placing and said its results for the year will beat market expectations.
Fusionex said it will raise GBP14.0 million to back its growth plans through the issue of 4.3 million shares at 325.00 pence per share. Shares in Fusionex were up 9.9% to 362.4999p on Thursday morning.
In a separate statement, the company said demand for its GIANT big data analytics platform has been strong and said it anticipates its results for the year to the end of September will be ahead of market expectations.
It said the new funding it has raised will be used to grow the business beyond what the market is currently forecasting.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
FXI.L