| Ticker: SSNC | Corporate Place, 705 Bloomfield Avenue | |
| Exchange: NASDAQ-National Market | Bloomfield, Connecticut 06002 | |
| Industry: High-Tech | (860) 242-7887 |
| Type of Shares: | Common Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 3,750,000 | Offer Date: | 5/31/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 3,026,250 | Offer Price: | $19.00 | |
| Secondary Shares: | 723,750 | Gross Spread: | $1.33 | |
| Offering Amount: | $37,500,000 | Selling: | $0.78 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,120,420 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $18.80 | $6.88 | $2.63 | Assets: | $21.10 |
| Net Income: | -$4.35 | $0.31 | -$4.63 | Liabilities: | $11.30 |
| EPS: | -$0.49 | $0.03 | Equity: | $9.81 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading provider of client/server-based software solutions, and related consulting services, designed to improve the efficiency and effectiveness of the investment management function within a broad range of organizations. These organizations are in the financial services industry. The company has developed a family of software products that provides a full range of mission-critical information professionals make informed, real-time decisions and automate many operational functions in today's increasingly complex and fast-moving financial markets. The company's products are focused on improving the effectiveness of decision making through open, fully integrated access to the quantitative analysis of transactions-based data, allowing investment professionals to manage and analyze large amounts of data both in the aggregate and in detail on a timely basis. |
| Use of Proceeds |
| Proceeds from the offering will be used for working capital and other general corporate purposes. |
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