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"inContact, which delivers cloud-based software solutions to call centers worldwide, has priced its previously announced public offering of its common stock, the company announced this morning.\r\n\r\ninContact will offer 7 million shares at $5 apiece. The company thus expects to raise $35 million in the offering, which should result in net proceeds of approximately $32.7 million.\r\n\r\nThe offering is expected to close on September 18, 2012. inContact has also granted the underwriter of the public offering a 30-day option to purchase up to an additional 1 million shares of its common stock to cover overallotments (if any). \r\n\r\n\r\nThe company says it will use the cash it raises by offering shares to the public for 'general corporate purposes', including capital expenditures on cloud facilities and infrastructure, marketing, client services and development of IP.  \r\n\r\ninContact says it is also considering part of the proceeds to go to acquisitions or investments in complementary businesses or technologies."^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2012/09/13/incontact-ipo-pricing/>