Nerds On Site closes private financing

Nerds On Site, a provider of cost effective, leading edge solutions to Small and Medium sized Enterprises (SMEs), has closed a round of private financing.

Nerds On Site raised $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]2.14 million, by way of placement of $2,140,500 principal amount of 10% unsecured convertible debentures due October 27, 2018, from 63 Canadian investors and 2 investors from Greece and The Netherlands. Haywood Securities Inc., Mackie Research Capital Corporation, Canaccord Genuity Corp. acted as placement agents. Norton Rose Fulbright Canada LLP acted as legal counsel to Nerds On Site.[/mepr-active]

Established in 1995, London, Ontario based Nerds On Site has operations in Canada, USA, UK, Australia, South Africa, Bolivia, Brazil and Mexico serving more than 100,000 Clients around the world.

photo credit: Nerds On Site