Datawatch proposes sale of 1.5 million shares of common stock

Datawatch Corp. (NASDAQ: DWCH) said that it plans to offer and sell 1,500,000 shares of its common stock in an underwritten public offering.

Datawatch also will grant the underwriters a 30-day option to purchase up to an additional 225,000 shares to cover over-allotments, if any. Datawatch intends to use the net proceeds from the offering for product development, commercialization of its products, working capital and other general corporate purposes, including repayment of outstanding indebtedness.

Canaccord Genuity Inc. and William Blair & company, L.L.C. are acting as joint book-running managers for the offering. Cowen and company, LLC and Craig-Hallum Capital Group LLC are acting as co-managers for the offering.

Datawatch provides visual data discovery software that enables more informed decisions through next generation analytics applications. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide.

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