KENNESAW, GA –Return on Investment Corporation, a software developer, has raised $1.75 million through the sale of 875,000 shares of stock in a private placement.
ROI (OTCBB: ROIE) said the funds would be used for security enhancements for a recently acquired application service provider payment gateway and to provide working capital for a subsidiary, Tectonic Solutions.
ROI says that more than 100,000 customers use its software for payment transactions.
