Friday, October 28, 2011

Ortiva Wireless raises $2M

In a SEC filing dated October 24, Ortiva Wireless raised $2 million in convertible debt.

Ortiva Wireless, who is a specialized video optimization shop has been growing substantially lately, due to a string of interesting deals. No doubt, this convertible debenture is to be used to finance the surge of operational expenses as projects need to be delivered before revenue can be recognized.
Ortiva had raised a $2.5M convertible debt in June.

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