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inContact raises $40 million in public offering of common stock
[September 19, 2012]

inContact raises $40 million in public offering of common stock

Sep 19, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- inContact, Inc., a US-based software-as-a-service (SaaS) company that provides on-demand call center software and call center agent optimization tools for multi-site contact centers and CRM workforces, has completed its underwritten public offering of 8 million shares of common stock, including 1 million shares sold pursuant to the exercise of the underwriters' over-allotment option, at a price of $5 per share for gross proceeds of $40 million.

Update on September 13, 2012: inContact has priced an underwritten public offering of 7 million shares of its common stock at a price of $5 per share to raise gross proceeds of $35 million.

inContact has also granted the underwriter a 30-day option to purchase up to an additional 1 million shares of its common stock to cover overallotments, if any.


The offering is expected to close on September 18, 2012.

Announcement (September 12, 2012): inContact is planning to issue shares of its common stock in an underwritten public offering.

In connection with the offering, inContact is planning to grant the underwriter a 30-day option to purchase additional shares of common stock to cover overallotments, if any.

Piper Jaffray & Co. is acting as sole manager for the offering.

Deal Value (US$ Million) 40 Deal Type IPO Sub-Category Secondary Offering,Completed Deal Status Completed: 2012-09-18 Deal Participants Target (Company) inContact, Inc.

Deal Rationale inContact intend to use the net proceeds from the offering for general corporate purposes, including capital expenditures on cloud facilities and infrastructure, marketing, client services and development of intellectual property.

It may also use a portion of the net proceeds to acquire or invest in businesses, services, and technologies.

Offer Price ($ per share) 5 No. Shares Issued 8000000

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