| Ticker: SAPE | One Memorial Drive | |
| Exchange: NASDAQ-National Market | Cambridge, Massachusetts 02142 | |
| Industry: High-Tech | (617) 621-0200 |
| Type of Shares: | Common Shares | Filing Date: | 2/22/96 | |
| U.S. Shares: | 1,475,000 | Offer Date: | 4/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $16.00 - $18.00 | |
| Primary Shares: | 1,475,000 | Offer Price: | $21.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.47 | |
| Offering Amount: | $25,075,000 | Selling: | $0.80 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,401,645 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $21.93 | Assets: | $12.09 | ||
| Net Income: | $2.83 | Liabilities: | $6.88 | ||
| EPS: | $0.28 | Equity: | $5.21 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, develops, integrates and implements high quality, flexible information technology applications and solutions for large organizations. The company develops client/server and Internet-enabled client/server software applications designed to help organizations improve their processes and performance. The company delivers its solutions for both enterprise-wide and departmental initiatives on a fixed price, fixed-timeframe basis using its proprietary QUADD process. QUADD is a workshop-based, rapid development methodology which emphasizes active client participation to help visualize, prioritize and create time-critical business and technology solutions. The company believes that the QUADD process is an important competitive differentiator that allows the company and its clients to better understand the clients' business needs, and to design, develop, integrate and implement solutions that address those needs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital for the expansion of its business and other general corporate purposes. |
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