NexJ Systems completes US$43.6 million initial public offering

On May 18, 2011, NexJ Systems Inc. (TSX: NXJ), a leading enterprise private cloud software company, announced that it had completed its initial public offering of 4,850,000 common shares priced at $9.00 per share for total gross proceeds of $43,650,000. The syndicate of underwriters is co-led by GMP Securities L.P. and Canaccord Genuity Corp., and includes Raymond James Ltd., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., and NCP Northland Capital Partners Inc. The underwriters were advised by Fasken Martineau with a team led by Georges Dubé and that included Wojtek Baraniak, Laura Fetter and Jennifer Butcher.