ATLANTA– Concurrent (Nasdaq: CCUR), which sells on-demand technology and real-time computing technology, has entered into definitive agreements with a group of accredited investors to sell in a private placement 11,200,000 shares of its common stock and warrants to issue up to 2,800,000 shares of common stock.

Gross proceeds to Concurrent from the sale of the shares of common stock and warrants are expected to be $14 million. The purchase price for each share of common stock and the related warrant is $1.25. The warrants will have an exercise price of $1.62 per share.

The company sells high-performance, real-time Linux software and solutions for commercial and government markets.

For 40 years, Concurrent’s products have enabled a range of time-critical solutions including: modeling and simulation, high speed data acquisition, visual imaging, low latency transaction processing and on-demand television.

Concurrent’s on-demand television applications are utilized by major service providers in the cable and IPTV industries to deliver video-on-demand (VOD) and, through subsidiary company Everstream, provide performance measurement systems for interactive media.

Concurrent has regional offices in North America, Europe, Asia and Australia, and has products actively deployed in more than 24 countries.

For more information see: www.ccur.com

Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org

© 2007, TechJournal South. All rights reserved.