London-based Access Intelligence, a leading supplier of software-as-a-service (SaaS) solutions for communications and reputation management to more than 1,600 clients, raised the funds largely from existing shareholders via a significantly over-subscribed placing of 70 million new ordinary shares at a price of 4p per placing share.
The new shares were admitted to trading on London's AIM market on 24 May 2018.
Led by Corporate Partner Brad Isaac, supported by Trainee Dongwei Wu, Fieldfisher negotiated the placing agreement, verified the company's investor presentation and drafted transaction ancillaries.
Access Intelligence is a long-standing client of the firm. Its subscribers include major media organisations and publishers such as BBC Worldwide and Penguin Random House, retailer Debenhams and public institutions such as The Judiciary of England and Wales and The London Borough of Islington.
As part of its development plan, Access Intelligence plans to focus on improving mobile applications and functionality for social media management, alongside providing more robust and flexible systems for measuring both communications activity and its consequences.
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