Synchronica Raises $3.7 (£1.9) Million in Funding Through Placement of Shares
Synchronica plc (AIM: SYNC.LN), an international provider of mobile email and synchronization solutions, has raised USD 3.723 (GBP 1.857) million in funds through a placing of new ordinary shares with Lanstead Capital L.P. The proceeds will be used for continued development and accelerated commercialization of Synchronica's award-winning Mobile Gateway product that will add growth in its core mobile email business. The move strengthens Synchronica's position at a time when growth in mass market mobile email services is set to explode,...
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