Platinum Software Corp.: The company said it...
Platinum Software Corp.: The company said it has raised $13.76 million from a private placement of 2.49 million shares of preferred stock.
A group of investors led by Kleiner, Perkins, Caufield & Byers of San Francisco and New Enterprise Associates of Menlo Park now controls 14% of Irvine-based Platinum’s stock. Arthur J. Marks, a principal at New Enterprise, and L. John Doerr, general partner of Kleiner Perkins, were given seats on Platinum’s board of directors.
In Wednesday’s trading on the Nasdaq market, Platinum’s stock closed at $10.56 a share, up 93 cents.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
