SOURCE: Mattersight Corporation

Mattersight Corporation

July 29, 2014 16:15 ET

Mattersight Corporation Closes $12 Million Sale of Common Stock

CHICAGO, IL--(Marketwired - Jul 29, 2014) - Mattersight Corporation (NASDAQ: MATR), a leading provider of enterprise analytics, today announced the closing of its previously announced private placement of common stock to certain accredited investors. Gross proceeds from the issuance were approximately $12 million and will be used for general corporate and working capital purposes.

The private placement, which was oversubscribed, resulted in the issuance of 2,891,566 shares of Mattersight's common stock priced at $4.15 per share. Mattersight intends to file a Registration Statement covering the resale of the common stock underlying the shares on or before August 27, 2014.

Craig-Hallum Capital Group LLC acted as the exclusive placement agent in connection with this private placement.

To learn more about Mattersight, please visit www.mattersight.com.

About Mattersight

Mattersight is a leader in enterprise analytics focused on customer and employee interactions and behaviors. Mattersight® Behavioral Analytics captures and analyzes customer and employee interactions, employee desktop data and other contextual information to optimally route customers to the best available employee, improve operational performance, and predict future customer and employee outcomes. Mattersight's analytics are based on millions of proprietary algorithms and the application of unique behavioral models. The company's SaaS+ delivery model combines analytics in the cloud with deep customer partnerships to drive significant business value. Mattersight's solutions are used by leading companies in Healthcare, Insurance, Financial Services, Telecommunications, Cable, Utilities, Education, Hospitality and Government. See What Matters by visiting www.Mattersight.com.

Contact Information

  • Contact

    Mark Iserloth
    Vice President and Chief Financial Officer
    312.454.3613
    ir@mattersight.com