| Ticker: EDFY | 2840 San Tomas Expressway | |
| Exchange: NASDAQ-National Market | Santa Clara, California 95051 | |
| Industry: High-Tech | (408) 982-2000 |
| Type of Shares: | Common Shares | Filing Date: | 3/7/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 5/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $27,500,000 | Selling: | $0.58 | |
| Expenses: | $950,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,554,282 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $16.00 | $5.82 | $2.74 | Assets: | $16.26 |
| Net Income: | -$0.10 | -$0.57 | -$0.45 | Liabilities: | $6.22 |
| EPS: | -$0.01 | -$0.04 | Equity: | $10.04 | |
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 Internet and electronic mail software products. The software program, Electronic Workforce works with both telephones and computers, and enables clients to automate tasks previously handled by service representatives. The software enables organizations to provide automated services accessed by customers, employees and business partners through the Internet, private Intranets, Web browsers, telephones and electronic mail. Over the past 4 years the Company has licensed Electronic Workforce to over 450 customers for telephone and electronic mail self-service applications such as bank account inquiries, employee benefit enrollments, inventory status and automatic shipment notifications. Technologies such as automated teller machines and touch tone telephones have broadened end-user access to automated services and have increasingly enabled the development of functionally rich self-service applications. |
| Use of Proceeds |
| The proceeds from the offering will be used for general corporate purposes, including expenses associated with general sales and marketing, customer support and product development activities. |
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