SLI Systems looks to raise $27 mln in IPO to boost sales of search software

Wed, 17 Apr 2013

April 18 (BusinessDesk) - SLI Systems, a Christchurch-based developer of website search software whose clients include Warehouse Group and Qantas Airways, is considering raising $27 million next month selling shares to new and existing investors that will trade on the NZX. Trade Me founder Sam Morgan is among shareholders and its board is led by PowerbyProxi executive chairman Greg Cross and includes Xero chairman Sam Knowles and Pioneer Capital Partners Matthew Houtman. SLI Systems has been set up to acquire SLI Systems Inc, the US business...

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