| Ticker: VSNT | 1380 Willow Road | |
| Exchange: NASDAQ-National Market | Menlo Park, California 94025 | |
| Industry: High-Tech | (415) 329-7500 |
| Type of Shares: | Common Shares | Filing Date: | 6/5/96 | |
| U.S. Shares: | 2,070,000 | Offer Date: | 7/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,897,635 | Offer Price: | $8.00 | |
| Secondary Shares: | 172,365 | Gross Spread: | $0.56 | |
| Offering Amount: | $22,770,000 | Selling: | $0.32 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,472,069 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7200 |
| Volpe, Welty & Company | Co-manager | (415) 956-8120 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $11.88 | $3.18 | $2.45 | Assets: | $5.66 |
| Net Income: | -$1.23 | -$0.35 | -$0.78 | Liabilities: | $4.11 |
| EPS: | -$0.21 | -$0.06 | -$0.14 | Equity: | $1.55 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures, markets and develops high performance object database management software for commercial applications. The Company's core product is the Versant Object Database Management System, a highly scalable database management system that combines native support for object-oriented software programming languages with high performance database functionality and a client-server architecture. The Versant ODBMS enables users to store, manage and distribute information that the Company believes often cannot be supported effectively by traditional database technologies including abstract data, such as graphics, images, audio, video and unstructured text, and dynamic, highly interrelated data, such as networks, advanced financial instruments and the distributed, rapidly changing content in the Internet/Intranet applications. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used for working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.