Ubisense raises funds to expand solutions business division

2nd Apr 2014 16:50

Ubisense Group, which develops real-time location intelligence (RTLI) solutions, has raised funds for the development of its solutions business division after placing just under 1.93m shares at 220p each. The company raised around £4.2m after placing the shares with institutional investors.Chief Executive Officer Richard Green said: "We are delighted to see such tremendous support from our investor base as we continue to execute our growth strategy to accelerate the uptake of our unique real time location intelligence solutions with leading manufacturers and network operators worldwide."NR