STG UGP reports initial 7.6% stake in Chordiant Software

By Lisa Kerner

Charlotte, N.C., June 12 - Chordiant Software, Inc. investors led by STG UGP, LLC acquired 2,280,175 shares of the company's stock on June 11 for a total of $12.15 million.

With the purchase, the investors have an initial stake of 7.6% in the Cupertino, Calif., software company.

The transaction was reported in a schedule 13D filed with the Securities and Exchange Commission.

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