Monster Digital Raised $7.2 Million

WestPark Capital, Inc. announced the additional closing on October 31, 2013 of a private placement offering for Monster Digital, Inc. due to increased demand from investors bringing the total funds raised to date to $7.2 million.

Monster Digital designs, develops and markets premium memory storage products for use in high-performance computing and demanding consumer and mobile product applications. The net proceeds will be used to expand the Monster Business, including enhancing sales channels and distribution capability, inventory, and for related general corporate purposes.

WestPark Capital acted as Placement Agent for the offering.

Monster Digital, through its parent, Tandon Digital, Inc., produces memory storage products for use in high-performance computing and demanding consumer and mobile product applications.

The focus is on the development and marketing of a selection of high-value memory storage products that combine performance, reliability and functionality at competitive prices.

Their high-end, ruggedized SSDs and solid state hybrid drives and removable flash memory secured SDs are marketed under the brand name Monster Digital further to a license from Monster, Inc., formerly Monster Cable Products, Inc.

Their DRAM modules are currently sold primarily to OEMs.