June 18 (SeeNews) - Bulgarian software developer Tiger Technology has completed its capital increase, raising 2.3 million euro ($2.6 million) via a new share issue, commercial register data shows.
Investors subscribed for 11,620 Tiger Technology shares at a price of 200 euro each, documents entered into the commercial register last week showed.
As a result, Tiger Technology's capital was increased to 61,620 levs from 50,000 levs, as each of the 11,620 newly-issued shares has a nominal value of 1 lev.
Tiger Technology develops data management solutions for companies in the enterprise IT, surveillance, media and entertainment sectors. Its products and services are used in more than 120 countries as some of its main clients include Financial Times, Kodak and NBC Universal.
($ = 0.8933 euro)