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COPYRIGHT 2001 The Miami Herald
Byline: Bea Garcia
Apr. 23--IT'S BEEN A WILD MONTH FOR BOCA'S DALEEN: It's been a topsy-turvy ride for Daleen Technologies in recent weeks.
In early April, the Boca Raton company, which makes billing and revenue management software, announced that it had completed $27.5 million in a private placement of convertible preferred stock.
That's a mean feat in a market where many companies are left begging for capital.
Yet, two weeks ago, Daleen was forced to pull back, closing two offices, consolidating operations in its Boca headquarters, and laying off about 52 percent of its staff. President Dave Corey was forced to scale back the earnings outlook for the company as well.
Then, in short order, Daleen landed two big deals. First, it announced a partnership with i2 Technologies, a major provider...
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