| Ticker: OPVN | 7133 Koll Center Parkway | |
| Exchange: NASDAQ-National Market | Pleasanton, California 94566 | |
| Industry: High-Tech | (510) 426-6400 |
| Type of Shares: | Common Shares | Filing Date: | 2/28/96 | |
| U.S. Shares: | 2,735,000 | Offer Date: | 5/7/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 235,000 | Gross Spread: | $0.98 | |
| Offering Amount: | $24,615,000 | Selling: | $0.56 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 18,006,887 | |||
| Spin out parent firm: | Warburg, Pincus Investors, L.P. | |||
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7200 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $18.52 | $20.33 | $12.31 | Assets: | $13.95 |
| Net Income: | -$18.11 | -$1.55 | -$15.46 | Liabilities: | $20.17 |
| EPS: | -$1.15 | -$0.10 | Equity: | -$6.22 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| OpenVision Technologies, Inc. develops, markets and supports systems management software for client/server computing environments. OpenVision's AXXiON products address these three essential areas of system management - storage, operations and security. The Company's highly scalable products can be used independently and certain products can be combined to provide interoperable client/server systems management solutions. AXXiON products offer centralized administration with a high degree of automation, enabling customers to manage complex, distributed environments cost-effectively by increasing system administrator productivity and system availability. The Company's largest customer installation to date consists of more than 2,400 nodes in a heterogeneous hardware and software environment. The Company also provides a comprehensive range of services to assist customers in planning and implementing systems management solutions. OpenVision has licensed its AXXiON applications to more than 800 customers. |
| Use of Proceeds |
| The company presently intends to apply approximately $2.5 million of the net proceeds to the repayment of outstanding indebtedness plus accrued interest thereon under the company's bank line of credit. The company expects to use the balance of the net proceeds for its working capital requirements and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.