BOCA RATON, Fla.–(BUSINESS WIRE)–July 24, 2015– (NYSE MKT:IDI), an information solutions provider, today announced that it has entered into an agreement with an institutional investor to purchase $10.0 million of the Company’s common stock in a registered direct offering and a concurrent private placement of warrants to purchase common stock.
The Company entered into a definitive purchase agreement with the investor pursuant to which the Company agreed to sell 1,280,410 shares of its common stock at a per share price of $7.81 in a registered direct offering. … Continue reading IDI, Inc. Announces $10 Million Registered Direct Offering
BOCA RATON, Fla.–(BUSINESS WIRE)–July 08, 2015– (NYSE MKT:IDI), an information solutions provider, today announced the launch of its first information product offering, idiBASIC™, to meet the immediate needs of various industries which require a more intuitive, simplified, and cost-effective location and verification solution.
Since the Company’s recent transition into the multi-billion dollar data fusion space, the IDI technology team has been focused on the development of next generation data fusion technology, to provide the most advanced means of performing verification, … Continue reading IDI, Inc. Launches idiBASIC Information Solution Offering
China Advertising Services Business Discontinued
Sole Focus Now on Multi-Billion Dollar Data Fusion Market
BOCA RATON, Fla.–(BUSINESS WIRE)–July 2, 2015– (NYSE MKT:IDI), an information solutions provider, today provided a business update in conjunction with the Company’s transition into the high-growth data fusion market.
IDI has made the strategic decision to focus all of its operations and resources to further accelerate its growth within the data fusion market. As a result, the Company has discontinued its China advertising services business. … Continue reading IDI, Inc. Announces Business Update