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Tech Industry

Short Take: Wave Systems sell $3 million in stock

Electronic distributor of software Wave Systems has sold $3 million in preferred shares through a private placement for working capital. Wave's metering and transaction services, including its Net-based WINPublish service, lets content owners distribute material using rental, rent-to-own, and pay-per-use transactions.

Electronic distributor of software Wave Systems has sold $3 million in preferred shares through a private placement for working capital. Wave's metering and transaction services, including its Net-based WINPublish service, lets content owners distribute material using rental, rent-to-own, and pay-per-use transactions.