Atlanta - Concurrent Computer Corp., an Atlanta-based provider of high-performance Linux software used in video-on-demand services by broadband cable providers, has entered into an agreement to raise an expected total of $14 million in a private placement of stock with a group of accredited investors.

The company has agreed to sell 11.2 million common shares plus 2.8 million warrants a price of $1.25 per share.

Concurrent said that it plans to use the proceeds of the private placement for general corporate purposes.

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