| Vision Solutions, Inc. | |||
| Proposed Ticker: | VISI | 2600 Michelson Drive | |
| Exchange: | NASDAQ-National Market | Irvine, CA 92612 | |
| Industry: | High-Tech (SIC Code 7372) | (714) 724-5455 | |
| Type of Shares: | Common Shares | Filing Date: | 3/14/97 | |
| U.S. Shares Filed: | 2,300,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $25,300,000 | |
| Primary Shares: | 2,300,000 | Expenses: | $850,000 | |
| Secondary Shares: | 0 | Shares Out After: | 8,853,710 |
| Manager | Tier | Phone |
| Allen & Company Incorporated | Lead Manager | (212) 339-2220 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Issuer's Law Firm: | Stradley Ronen Stevens & Young |
| Bank's Law Firm: | Werbel & Carnelutti |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $10.18 | Assets: | $7.44 | ||
| Net Income: | $0.24 | Curr Assets: | |||
| EPS: | $0.04 | Liabilities: | $4.72 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $0.25 | Equity: | $2.73 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, markets, implements and supports software that enables availability of mission critical applications and data on midrange computer platforms. Continuous availability or High Systems Availability (HSA) software substantially eliminates business interruptions caused by unscheduled downtime due to system failures, natural disasters and human error and scheduled downtime due to system failures, natural disasters and human error and scheduled downtime including systems maintenance and upgrades. The company's comprehensive HSA solution, Vision Suite, which is currently available for IBM AS/400 computers, utilizes the company's proprietary replication and data transportation technology to provide all of the required components of an effective HSA solution. The company's products and services are marketed and sold in the United States through the company's direct sales force and a network of business partners and distributors, including IBM Corporation. The company's customers cover a diverse group of industries and N.A., IBM, United Parcel Service and Toyota Motor Sales, U.S.A. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand sales and marketing activities, to fund product development, to repay the outstanding amount under its bank line of credit and for general corporate purposes. |