RealTime IT News

IXLA Announces AUS$20 Million Share Placement

Melbourne-based Web and PC photography software company IXLA is following its successful run of late with the announcement of a private investment worth AUS$19.2 million.

Under the placement, 6.4 million ordinary fully paid shares were brought at AUS$3 per share by institutional clients of U.S. broker Burdett Buckeridge Young Ltd.

Over 90 percent of the investment emerged from U.S. companies including the Federated Global Investment Management Corp - International Small Company Fund, Ohio National International Small Company Fund, Capital Research & Management Company, Soros Funds Management - Quantum Emerging Growth Fund, Oechsle International Advisors - Asia Offshore Fund and Global Asia Fund, and Trace International.

In the last few days, IXLA also announced that Eastman Kodak and Intel will include a custom version of ixla Web Easy, the company's Web site creation software, for the latest version of Kodak Picture CD.

This is said to be the first product resulting from a co-development effort between Kodak and Intel designed to bridge traditional photography and digital imaging.