Data Systems & Software Inc, Mahwah, New Jersey, which provides consultancy and services for software and systems, principally in the area of embedded real-time systems, and through Tower Semiconductor Ltd manufactures semiconductor products using proprietary designs, and operates primarily in Israel, has raised $7m in a private placing of units of two shares and one […]
Data Systems & Software Inc, Mahwah, New Jersey, which provides consultancy and services for software and systems, principally in the area of embedded real-time systems, and through Tower Semiconductor Ltd manufactures semiconductor products using proprietary designs, and operates primarily in Israel, has raised $7m in a private placing of units of two shares and one warrant for a third share at $8.125, pricing the units at $14.75 a time. The cash will be used for working capital. The placing agent was Arnhold & S Bleichroeder Inc.
