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What will Avigilon do with $69 million?

November 26, 2013Martha Entwistle

Avigilon now has $69 million (Canadian) at its disposal for “general purposes and strategic acquisitions.” The HD surveillance provider, which got into access control last May with the $17 million purchase of Red Cloud, today announced that it closed a $69 million bought deal equity financing. So what will Avigilon do with the funds? I called Avigilon this morning to ask about plans for the funds. In an email response Alexander Fernandes, Avigilon president and CEO said: "... we look...

Alexander Fernandes, Avigilon, BMO Capital Markets, Cantor Fitzgerald Canada Corporation, CIBC World Markets, GMP Securities, National Bank Financial, PI Financial, RBC Capital Markets, Red Cloud