Connecting to Cash

Biz BriefsEasyLink Services has wrapped up a $5.4 million stock financing transaction that pulled in funds from both previous and new investors. The Piscataway company, a provider of outsourced business-process automation services, says it raised $4.9 million from existing investors and about $500,000 from members of its board and senior management. Of the total, $3 million will go to pay down a Wells Fargo/Foothill loan and the rest will be used for working capital.