AlphaServ.com Sells Shares to Investors

Alpha Microsystems said Thursday that its AlphaServ.com sold 2.3 million restricted shares to private institutional investors for $14.6 million.

The Santa Ana maker of information technology products said in a press release that the common shares were priced at $6.25 each. The company said it plans to file a registration statement in connection with the shares.

Hampshire Equity Partners, whose investment represents about $6.2 million of the total placement, led the investors.

AlphaServ plans to use working capital to expand its sales and marketing, technical support and development, and corporate infrastructure.