$2,500,000 Private Placement of Common Stock ~ May 2012
Bridgeline Digital, Inc. (NASDAQ: BLIN) is the developer of the award-winning iAPPS platform that deeply integrates Web Content Management, eCommerce, eMarketing, and web Analytics capabilities within the heart of mission critical websites or eCommerce web stores. The Company’s many customers range from middle market organizations to divisions within Fortune 1,000 companies. Bridgeline has announced a collaborative agreement with UPS Logistics where its world class UPS warehouse management system will be offered within the framework of the iAPPS eCommerce platform.
Taglich Brothers quickly raised capital for Bridgeline with non-registered common stock, priced at a slight discount from the Company's 30 day average trading price. The net proceeds will be used for growth capital and continued geographic expansion. Principals and employees of Taglich Brothers personally purchased over 20% of the Bridgeline private placement offering. Taglich Brothers and its clients are thrilled to be long-term investors in Bridgeline Digital and hope to continue to support its future goals.
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