A Raleigh-based software company seeks to raise $1 million in a private stock offering, according to a Securities and Exchange Commission filing.
Entigral Systems Inc. filed the Form D on Sept. 14. It did not disclose what it intends to do with the proceeds. It has raised $185,000 already from the offering.
The company, founded in 2003, develops and sells enterprise software solutions for asset management and tracking. Its most famous offering is its TraxWare software platform, a radio frequency identification sensor automation solution that allows a set of sensor-based asset tracking applications, such as work-in-progress management and warehouse and supply chain management.
Entigral Systems works in the manufacturing, energy exploration, power and utility industries and government agencies throughout the United States.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what is known as a Form D electronically with the SEC after they first sell their securities.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism