Insignia Solutions secures $18 million from strategic and institutional investors; Sun and BSQUARE make strategic investment in Insignia.

0 Comments | M2 Presswire, November, 2000

M2 PRESSWIRE-28 November 2000-INSIGNIA SOLUTIONS: Insignia Solutions secures $18 million from strategic and institutional investors; Sun and BSQUARE make strategic investment in Insignia (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:27112000 Fremont, CA -- Insignia Solutions (NASDAQ: INSGY), the leading provider of accelerated Java technology-based solutions for Internet appliances and embedded devices, today announced the completion of a private placement of equity for $18 million.

Jefferies & Company, Inc. acted as placement agent for the financing. The investors included several leading institutional investors, a director of the company, and strategic investors, Sun Microsystems, Inc. (NASDAQ: SUNW) and BSQUARE Corporation (NASDAQ: BSQR). The...

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