| Ticker: AXNT | 2400 Research Boulevard, Suite 200 | |
| Exchange: NASDAQ-National Market | Rockville, Maryland 20850 | |
| Industry: High-Tech | (301) 258-2620 |
| Type of Shares: | Common Shares | Filing Date: | 2/14/96 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 4/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $28,600,000 | Selling: | $0.60 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,958,464 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $14.73 | Assets: | $12.65 | ||
| Net Income: | $2.36 | Liabilities: | $9.67 | ||
| EPS: | $0.26 | Equity: | $2.98 | ||
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 enterprise-wide information security solutions for client/server computing environments. The company's OmniGuard family of software products enables organizations to centrally define and manage information security across a variety of client/server platforms and communications protocols. The company's software products also provide and enhance data confidentiality, access control, user administration and intrusion detection functions. The company addresses the growing requirements for comprehensive security solutions as organizations migrate from centralized, proprietary computing platforms to distributed, heterogeneous client/server environments accessible from both internal networks and external networks, such as the Internet. The company believes that enterprise security is best addresses primarily as a business problem rather than a technological one and that its OmniGuard family of software products and related consulting services enable organizations to select, manage and maintain robust yet cost effective security solutions appropriate for their business. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes including further development of product technology, expansion of the company's distribution, service and support capabilities and potential acquisitions. |
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