Thursday, October 25, 2007

Resolute Raises $7.6M in Series A Preferred Funding

Technology consulting firm Resolute Solutions Corp. announced yesterday that it has concluded its initial round of preferred financing after securing investments worth $7.6 million, including more than $4 million in new equity. Resolute credited alternative asset management firm Aequitas Capital Management Inc. with contributing the bulk of the equity. The rest, Resolute added, came from senior management and existing shareholders and was in the form of debt. Resolute noted that it will use the funds to bankroll expansion into new markets and industry segments. Founded in 1996, Resolute is a privately held business based in Bellevue, Wash. More information »