| Ticker: INDV | 8 New England Executive Park West | |
| Exchange: NASDAQ-National Market | Burlington, Massachusetts 01803 | |
| Industry: High-Tech | (617) 273-6000 |
| Type of Shares: | Common Shares | Filing Date: | 1/31/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 3/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 200,000 | Gross Spread: | $0.98 | |
| Offering Amount: | $32,500,000 | Selling: | $0.56 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 11,677,735 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $16.73 | Assets: | $26.80 | ||
| Net Income: | -$6.44 | Liabilities: | $24.49 | ||
| EPS: | -$0.67 | Equity: | $2.31 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops and markets a suite of customized information services that provide knowledge workers with daily personalized current awareness reports, while offering information providers and advertisers new ways to reach targeted audiences. Leveraging its knowledge processing systems, editorial knowledge basis, and an exclusive license to Cornell University's SMART technology, the company's intelligent software agents search through approximately 10,000 to 20,000 stories drawn from more than 630 broad and specialized information sources. The company's proprietary systems filter incoming information, prepare for each user a highly relevant daily news briefing, and deliver its services across a range of delivery platforms, including facsimile, electronic mail, groupware, intranets, and the Internet. The company's First service is targeted to enterprises seeking to gain competitive advantage through current awareness and knowledge sharing. HeadsUp, offers knowledge workers a concise abstract of customized daily news items, with full text available through the company's interactive fulfillment capabilities. |
| Use of Proceeds |
| The company intends to use approximately $10.7 million of the net proceeds of the offering to repay all indebtedness owed by the company under its 12% Senior Subordinated Notes date November 29, 1995. The company expects the balance of the net proceeds, approximately $18.4 million, will be used for general corporate purposes, including, acquisition of new subscribers, product development, capital expenditures, and working capital. |
©1996 IPO Data Systems, Inc. - All rights reserved.