| Ticker: SE | 8080 North Central Expressway, Suite 1100 | |
| Exchange: New York Stock Exchange | Dallas, Texas 75206 | |
| Industry: High-Tech | (214) 891-8600 |
| Type of Shares: | Common Shares | Filing Date: | 12/20/95 | |
| U.S. Shares: | 10,000,000 | Offer Date: | 3/8/96 | |
| Non-U.S. Shares: | 2,000,000 | Filing Range: | $20.00 - $22.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $24.00 | |
| Secondary Shares: | 10,200,000 | Gross Spread: | $1.32 | |
| Offering Amount: | $252,000,000 | Selling: | $0.80 | |
| Expenses: | $2,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 75,000,000 | |||
| Spin out parent firm: | Sterling Software, Inc. (SSW) | |||
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Chicago Corporation, The | Co-manager | (312) 855-7600 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $203.58 | $56.15 | $45.10 | Assets: | $137.55 |
| Net Income: | $42.93 | $12.29 | $8.73 | Liabilities: | $77.94 |
| EPS: | $0.59 | $0.17 | Equity: | $59.60 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading provider of electronic data interchange ("EDI") and other electronic products and services worldwide. The company develops, markets and supports electronic commerce software products and provides electronic commerce network services that enable businesses to engage in business-to-business solutions for over 20 years and has numerous customers in industries such as banking, pharmaceuticals and retailing. |
| Use of Proceeds |
| Working capital and general corporate purposes. |
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