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This article was published on September 13, 2012

    Cloud-based call center software firm prices public offering at $5 per share, plans to raise $35m

    Cloud-based call center software firm prices public offering at $5 per share, plans to raise $35m Image by: Mehmet Dilsiz
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    inContact, which delivers cloud-based software solutions to call centers worldwide, has priced its previously announced public offering of its common stock, the company announced this morning.

    inContact will offer 7 million shares at $5 apiece. The company thus expects to raise $35 million in the offering, which should result in net proceeds of approximately $32.7 million.

    The offering is expected to close on September 18, 2012. inContact has also granted the underwriter of the public offering a 30-day option to purchase up to an additional 1 million shares of its common stock to cover overallotments (if any).

    The company says it will use the cash it raises by offering shares to the public for ‘general corporate purposes’, including capital expenditures on cloud facilities and infrastructure, marketing, client services and development of IP.

    inContact says it is also considering part of the proceeds to go to acquisitions or investments in complementary businesses or technologies.