| Ticker: DEZI | 161 North Clark Street, Suite 2400 | |
| Exchange: NASDAQ-National Market | Chicago, Illinois 60601 | |
| Industry: Service | (312) 419-7660 |
| Type of Shares: | Common Shares | Filing Date: | 8/14/96 | |
| U.S. Shares: | 2,860,000 | Offer Date: | 10/30/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $24.00 - $26.00 | |
| Primary Shares: | 1,855,000 | Offer Price: | $25.00 | |
| Secondary Shares: | 1,005,000 | Gross Spread: | $1.63 | |
| Offering Amount: | $71,500,000 | Selling: | $0.98 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,000,000 | |||
| Spin out parent firm: | R.R. Donnelley & Sons Co. | |||
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $65.94 | $45.24 | $21.11 | Assets: | $46.29 |
| Net Income: | $0.30 | $0.62 | $0.26 | Liabilities: | $30.54 |
| EPS: | Equity: | $15.76 | |||
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 single-source provider of integrated information management services to professional service organizations, primarily large law firms, investment banks and accounting firms. The company offers its clients the opportunity to focus on their core businesses by outsourcing a variety of functions, including business and information technology services. The company has experienced substantial growth by expanding its service offerings, adding new clients, increasing business with existing clients and capitalizing on the growing trend toward outsourcing. The company's revenues from business services outsourcing have grown from $13.7million in 1991 to $45.7 million in 1995. The company's revenues from information technology services, pro forma for its acquisition of LAN Systems, Inc., have grown from $13.7 million in 1991 to $33.9 million in 1995. The company has well-established client relationships with a significant number of leaders in its target markets, including the law firms of Shearman & Sterling and Sidley & Austin, the investment banks of Lehman Brothers Inc. and Morgan Stanley & Co. Incorporated and the accounting firm of Ernst & Young LLP. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for a final payment for certain contingent obligations arising from the acquisition of LAN Systems; repayment of a dividend note and advances owed to R.R. Donnelley and for general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.