| Ticker: ITDS | 969 High Ridge Road, Suite 205 | |
| Exchange: NASDAQ-National Market | Stamford, Connecticut 06905 | |
| Industry: High-Tech | (203) 329-3300 |
| Type of Shares: | Common Shares | Filing Date: | 8/29/96 | |
| U.S. Shares: | 2,666,667 | Offer Date: | 10/24/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 666,667 | Gross Spread: | $1.12 | |
| Offering Amount: | $40,000,005 | Selling: | $0.65 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,212,504 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $10.82 | $7.87 | $4.89 | Assets: | $6.50 |
| Net Income: | $0.83 | $0.99 | $0.47 | Liabilities: | $4.55 |
| EPS: | $0.16 | $0.19 | $0.09 | Equity: | $1.95 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides comprehensive transactional billing and management information solutions to providers of wireless, long distance and satellite telecommunications services. The company uses its robust and flexible proprietary software technology to develop billing solutions which address customer requirements as they evolve, regardless of market segment, geographic areas or mix of network features or billing options. The company typically provides its services to customers under exclusive contracts with terms ranging from three to four years, and customers are billed monthly on a per-subscriber basis. As a result, substantially all of the company's revenue is recurring in nature, and increases as a provider's subscriber base grows. In recent years, the telecommunications services industry has experienced rapid growth and dramatic change. Over the past decade, the number of cellular subscribers has increased 58% on a compound annual basis. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including the funding of working capital and growth, repayment of certain indebtedness and potential acquisitions. |
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