| Qualix Group, Inc. | |||
| (www.qualix.com) | |||
| Ticker: | QLIX | 1900 South Norfolk, # 224 | |
| Exchange: | NASDAQ-National Market | San Mateo, CA 94403 | |
| Industry: | High-Tech (SIC Code 7372) | (415) 572-0200 | |
| Type of Shares: | Common Shares | Filing Date: | 12/10/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 2/12/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $30,000,000 | Selling: | $0.31 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,070,644 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Issuer's Law Firm: | Gunderson Dettmer Stough Villeneuve Franklin |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $16.54 | $6.95 | $3.00 | Assets: | $8.15 |
| Net Income: | $0.54 | $0.46 | $0.02 | Curr Assets: | |
| EPS: | $0.07 | -$0.02 | Liabilities: | $5.15 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $3.00 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of reliability software for UNIX and Windows NT applications and servers in distributed computing environments. The company's reliability solutions are designed to minimize the impact of system failures on critical apps. The company offers software products for high availability, security and storage management. While a substantial majority of the company's historical revenue has come from products licensed from third parties, the company has recently increased its focus on internally developed or acquired products. As of September 30, 1996, the company had sold its reliability software to over 800 customers, including over 4,00 server licenses of its high availability software for Windows NT. The company's reliability solutions include high availability products that ensure important applications are continuously available, security products to protect against unauthorized access and storage management products for backing up and quickly restoring data. |
| Competition |
| The market for reliability software for distributed computing environments is intensely competitive, fragmented and characterized by rapid technological developments, evolving standards and rapid changes in customer requirements. To maintain and improve its position in this market, the company must continue to enhance current products and develop new products in a timely fashion. |
| Business Plan |
| The company's objective is to be the leading provider of reliability solutions for medium to large organizations with distributed computing systems. To achieve this objective, the company's strategy includes the following key elements: 1) focus on reliability solutions; 2) maintain and enhance direct customer relationships; 3) focus on internally developed products; 4) expand worldwide distribution capability; 5) maintain and enhance strategic relationships. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and potential acquisitions. |