Digital Insight Files Stock Offering Proposal With SEC

Digital Insight in Calabasas announced its filing of a registration statement with the Securities and Exchange Commission for a proposed secondary offering of 4 million shares of its common stock.

Digital Insight will offer about 2.2 million shares, and certain shareholders will offer about 1.8 million. The company plans to use the proceeds from its shares for general corporate purposes.

Digital Insight develops and manages Internet-based banking systems for financial institutions.