| Ticker: | VERS | 11781 Lee Jackson Memorial Highway, Seventh Floor | |
| Exchange: | NASDAQ-National Market | Fairfax, Virginia 22033 | |
| Industry: | High-Tech | (703) 591-2900 |
| Type of Shares: | Common Shares | Filing Date: | 10/9/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 12/12/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $30,800,000 | Selling: | $0.63 | |
| Expenses: | $780,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,192,061 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/96 | 7/31/96 | 7/31/95 | 7/31/96 | ||
| Revenue: | $16.54 | $5.42 | $2.66 | Assets: | $8.94 |
| Net Income: | $1.26 | $0.20 | -$0.57 | Liabilities: | $6.98 |
| EPS: | $0.04 | -$0.10 | Equity: | $1.96 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Versatility is a leading provider of client/server customer interaction software that enables businesses to automate and enhance their telemarketing and teleselling capabilities. The company's software products are designed to increase the productivity and revenue-generating capabilities of organizations operating call centers to interact with existing and potential customers. The company's products include desktop software applications, development and customization tools and optional server-based software solution that can be used independently or as part of an integrated enterprise-wide customer interaction implementation. Versatility also offers fee-based professional, consulting and maintenance services to provide implementation, integration and ongoing support of the company's software products. Companies in a variety of industries recognize the strategic importance of developing and maintaining long-term customer relationships. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including expansion of the company's sales and marketing and product development organizations. |
©1996 IPO Data Systems, Inc. - All rights reserved.