| Ticker: OTEXF | 180 Columbia Street West | |
| Exchange: NASDAQ-National Market | Waterloo, Foreign N2L 3L3 | |
| Industry: High-Tech | (519) 888-7111 |
| Type of Shares: | Common Shares | Filing Date: | 11/1/95 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 1/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,000,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $44,000,000 | Selling: | $0.60 | |
| Expenses: | $2,192,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,178,649 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Punk, Ziegel & Knoell | Co-manager | (212) 308-9494 |
| RBC Dominion Securities | Co-manager | (212) 607-5565 |
| Yorkton (USA) Securities Inc. | Co-manager | (416) 864-3500 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 9/30/95 | 9/30/95 | |||
| Revenue: | $2.47 | $0.63 | Assets: | $18.44 | |
| Net Income: | -$1.10 | -$1.61 | Liabilities: | $3.79 | |
| EPS: | -$0.34 | -$0.24 | Equity: | $14.65 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, markets, licenses and supports software used on local and wide area networks, Intranets and the Internet that enables users to find electronically stored information, work together in collaborative processes across the Internet. The company's search engines enables users to transparently search vast amounts of data stored in a wide variety of formats and in disparate locations, including World Wide Web sites. The company's search technology is characterized by rapid response times that do not increase materially as the amount of data searched increases, if adequate server and communications resources are employed. Employing its search engine and related technologies, the company has created the Open Text Index, an index of the World Wide Web, that it licenses together with its search technology to major Web information providers, including Yahoo!, internetMCI and IBM infoMarket. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes, including research and development of new products and technologies and expansion of marketing and sales activities. |
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