| Ticker: | ECSGY | 269 High Street, Berkhamsted | |
| Exchange: | NASDAQ-National Market | Hertfordshire, Foreign HP4 1EG | |
| Industry: | Service |
| Type of Shares: | American Depositary Receipts | Filing Date: | 11/13/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 12/13/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,100,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 900,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $33,000,000 | Selling: | $0.40 | |
| Expenses: | $2,040,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,118,611 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| UBS Securities Inc. | Co-manager | (212) 230-4000 |
| Auditor: Ernst & Young | |||||
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $35.64 | $35.70 | $25.00 | Assets: | $24.68 |
| Net Income: | $0.05 | $1.31 | -$1.09 | Liabilities: | $17.67 |
| EPS: | $0.01 | $0.26 | -$0.22 | Equity: | $7.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides information technology consulting, applications development, and systems integration services to large European-based companies and organizations. The company's services enable its customers to deploy proven leading technologies which re-engineer existing mission-critical business processes such as logistics, enterprise resource planning, unified billing system and executive information systems and, thus, its customers derive sustainable competitive advantage. The company's services often are provided to customers migrating from legacy-based mainframe environments to open client/server distributed computing environments. The company also assists customers in integrating electronic commerce, including the Internet and Intranets, into their existing business applications. The company targets large European-based companies and organizations in a broad range of industries, including the financial services, telecommunications, retailing, transportation and energy industries, and public sector agencies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain indebtedness incurred in connection with the acquisition and for general corporate purposes, including capital expenditures and possible acquisitions. |
©1996 IPO Data Systems, Inc. - All rights reserved.