UPDATED: SLI co-founders Geoff Brash and Steven Marder sell shares as escrow ends

Tue, 23 Sep 2014

By Suze Metherell and Paul McBeth Sept. 23 (BusinessDesk) - SLI Systems co-founders Geoff Brash and Steve Marder were two of the initial shareholders of the search engine developer who sold some 6.8 percent of the company at the end its 16-month lock-up period at 23 percent below last year's offer price in a placement largely made up of institutional investors. Brash, vice president of SLI's business intelligence, halved his stake to now hold 1.2 million of SLI shares, while non-executive director Marder reduced his holding by 410,000 sha...

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