Adacel raising props up depleted reserves
David Crowe
Software developer Adacel Technologies has raised new cash to fund its push into the US market after a horror fiscal 2004 wiped out the company's cash reserves.
Investors including Richard Pratt's Thorney Holdings and former Liberal Party politician Julian Beale have backed Adacel's attempt to raise $6.5 million in a rights issue.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Technology
Fetching latest articles