| Template Software, Inc. | |||
| (www.template.com) | |||
| Ticker: | TMPL | 45365 Vintage Park Plaza | |
| Exchange: | NASDAQ-National Market | Dulles, VA 20166 | |
| Industry: | High-Tech (SIC Code 7373) | (703) 318-1000 | |
| Type of Shares: | Common Shares | Filing Date: | 11/27/96 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 1/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 700,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $33,600,000 | Selling: | $0.67 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,327,923 |
| Manager | Tier | Phone |
| Volpe, Welty & Company | Lead Manager | (415) 274-4463 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6220 |
| Issuer's Law Firm: | Hunton & Williams |
| Bank's Law Firm: | Goodwin Procter & Hoar |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 11/30/95 | 8/31/96 | 8/31/95 | 8/31/96 | ||
| Revenue: | $7.51 | $9.61 | $5.15 | Assets: | $4.98 |
| Net Income: | $0.33 | $0.73 | $0.19 | Curr Assets: | |
| EPS: | $0.07 | $0.16 | $0.04 | Liabilities: | $3.32 |
| Prior EPS: | -$0.09 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $1.66 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides enterprise-wide software solutions to organizations that require large-scale distributed computing systems through its reusable software templates, robust software development environment & staff of software development professionals. The company believes that, by combing its reusable object code, and its family of visual development tools, its clients can obtain solutions in less time and at a lower cost that with traditional software development techniques. The company's current templates can provide up to 90% of the code necessary for a complete, functioning application. The company's solutions are targeted at large-scale, mission critical applications such as securities trading, telecommunications service management, aircraft maintenance scheduling, air traffic control and network monitoring systems. |
| Competition |
| The information technology consulting, software development and business solution markets include a large number of participants, are subject to rapid changes and are highly competitive. The company competes with and faces potential competition for client assignments and experienced personnel from a number of companies that have significantly greater financial, technical and marketing resources and generate greater revenues than does the company. |
| Business Plan |
| The company's objective is to be the leading provider of mission-critical, distributed business solutions. The company's strategy incorporates the following key elements: 1) focus on large and growing market for enterprise-wide, mission-critical solutions; 2) continue development of specialized templates; 3) concentrate on selected vertical markets; 4) expand distribution channels; 5) capitalize on the emerging Internet/Intranet market opportunity. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and future acquisitions. |