| Ticker: WHIT | 311 South Wacker Drive, Suite 3500 | |
| Exchange: NASDAQ-National Market | Chicago, Illinois 60606 | |
| Industry: High-Tech | (312) 922-9200 |
| Type of Shares: | Common Shares | Filing Date: | 2/29/96 | |
| U.S. Shares: | 2,700,000 | Offer Date: | 5/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 2,700,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $37,800,000 | Selling: | $0.67 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,951,514 |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: KPMG Accountants N.V. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $49.82 | Assets: | $17.23 | ||
| Net Income: | $1.11 | Liabilities: | $11.37 | ||
| EPS: | $0.16 | Equity: | $5.86 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides strategic information technology services designed to improve its clients' productivity and competitive position. The company offers its clients a single source for a comprehensive range of services required to successfully design, develop and implement integrated computer systems projects in diverse computing environments. Among the services offered by the company are systems integration, strategic IT planning, software development, packaged software implementation, business process reengineering, organizational change management, networking and connectivity, conventional and multimedia documentation and training, design and implementation of workgroup solutions and design and implementation of electric commerce solutions. Whittman-Hart's marketing efforts focus on middle market companies ranging from $50 million to $500 million in annual revenues and divisions of Fortune 1000 companies. Whittman-Hart serves clients in a broad range of industries, including communications, consumer products, distribution, diversified services, financial services, insurance, manufacturing, pharmaceuticals, professional services, retail and technology. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt and for general corporate purposes, including working capital, branch expansion and possible acquisitions of related businesses. |
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