AI Squared Sold Fifty Percent of Equity for 22 Million
Published: Jun 28, 2007
Technology Investment Capital Corp. announced today that it has completed a $22.0 million USD investment in senior secured notes and common stock of Algorithmic Implementations, Inc. (AI Squared), a provider of assistive technology for low vision computer users. TICC and an individual investor each acquired 50% of the outstanding equity of the company as a result of the transaction.
Algorithmic Implementations, Inc. (AI Squared) has been providing assistive technology for more than 15 years to computer users with low vision. The Company’s flagship product is ZoomText, a screen magnification and reading software application for the visually impaired.
Technology Investment Capital Corp. are a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies.
Source:Â Technology Investment Capital Corp.
