By Sheri Kasprzak
Atlanta, Feb. 22 - ViryaNet Ltd. said it has raised $1.3 million from a private placement of shares.
The company sold 581,659 shares at $2.29 each to Telvent Investments S.L., one of its current shareholders.
ViryaNet, based in Southborough, Mass., is a software applications provider focused on technologies that combine the internet and wireless technologies for workforce scheduling, dispatching and activity reporting.
| Issuer: | ViryaNet Ltd.
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| Issue: | Stock
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| Amount: | $1.3 million
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| Shares: | 581,659
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| Price: | $2.29
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| Warrants: | No
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| Investor: | Telvent Investments S.L.
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| Settlement date: | Feb. 22
|
| Stock price: | $2.36 at close Feb. 18
|
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