CambridgeSoft to float on AIM

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CambridgeSoft is to float on AIM, the technology market operated by the London Stock Exchange. The company will place new and existing common stock to institutional investors in the United Kingdom, United State and elsewhere. No offering is being made to the public.

It currently intends to use the proceeds from the flotation for sales and marketing, and research and development. The company may also use the increased capital for strategic alliances and acquisitions of other businesses.