Wynyard Group has decided to raise another $35 million in capital so it can accelerate growth.
The security software company says that with the increased funding it expects to lift revenue to about $47 million in the year ending March 2015.
Wynyard has also revised its targeted sales for the year ending this month to about $31 million from $27 million previously.
The company's software is used by stock exchanges and law enforcement agencies around the world to help solve crimes such as drug-smuggling, human trafficking, gun-running and financial and cyber crime.
For its capital-raising, Wynyard aims to get $30 million from institutions and professional investors and $5 million from its retail shareholders through a share purchase plan.
UBS New Zealand has underwritten the placement at $2.70 a share. The shares closed on Wednesday at $2.86.
It's less than a year since Wynyard raised $65 million at $1.15 a share.
It had $17 million in cash at the end of December after reporting a net loss of just over $10 million for its first nine months in its current form. It expects to have about $13 million in cash left by December 2015.