| Ticker: RTRK | 3 Allied Drive | |
| Exchange: NASDAQ-National Market | Dedham, Massachusetts 02026 | |
| Industry: High-Tech | (617) 320-5600 |
| Type of Shares: | Common Shares | Filing Date: | 5/10/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $0.77 | |
| Offering Amount: | $32,500,000 | Selling: | $0.44 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,874,383 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | 4156272220 |
| Adams, Harkness & Hill | Co-manager | (617) 423-6688 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6121 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $15.01 | $9.90 | $6.21 | Assets: | $10.08 |
| Net Income: | $0.40 | $0.53 | $0.39 | Liabilities: | $6.59 |
| EPS: | $0.06 | $0.08 | Equity: | $3.50 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Restrac, Inc. ("Restrac" or the "Company") designs, develops, markets, implements and supports human resource ("HR") staffing software to automate the recruitment, selection and placement of an organization's workforce. The Company's staffing software enables organizations to strategically manage their human capital by reducing hiring and placement costs, decreasing time to fill positions and providing more effective skills management and worker deployment. The Company's products -- Restrac Hire and Resume Reader for PeopleSoft -- provide HR departments with client/server solutions to quickly and efficiently build and search comprehensive "pools" of resume skills data to find the workers they need, while also managing the workflow of the staffing process. Since the introduction of Restrac Hire in 1993, the Company has licensed its client/server, Windows-based staffing software to approximately 200 customers. Approximately 250 other organizations continue to license the Company's earlier DOS-based recruiting and succession planning products. Within these 450 organizations, there are over 4,000 licensed users of the Company's products. The Company's products are primarily licensed by large corporate employers experiencing accelerated growth, significant reorganization or downsizing or a scarcity of skilled labor, or by companies reengineering their HR function to reduce costs. |
| Use of Proceeds |
| The proceeds from the offering will be used for working capital and for general corporate purposes. |
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