| Peritus Software Services, Inc. | |||
| Ticker: | PTUS | 304 Concord Road | |
| Exchange: | NASDAQ-National Market | Billerica, MA 01821 | |
| Industry: | High-Tech (SIC Code 7371) | (508) 670-0800 | |
| Type of Shares: | Common Shares | Filing Date: | 5/14/97 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 7/1/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 3,500,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $38,500,000 | Selling: | $0.65 | |
| Expenses: | $875,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,779,023 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| H.C. Wainwright & Co. Inc. | Co-manager | (617) 589-9482 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6105 |
| Issuer's Law Firm: | Hale and Dorr |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | Boston Equiserve Limited Partnership |
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 | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $10.19 | $2.52 | $2.24 | Assets: | $15.71 |
| Net Income: | -$4.92 | $0.41 | -$2.71 | Curr Assets: | |
| EPS: | -$0.46 | $0.03 | Liabilities: | $18.87 | |
| Prior EPS: | -$1.85 | -$2.33 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$2.34 | Equity: | -$3.16 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides software products and services that enable organizations to improve productivity, quality and effectiveness of their information technology systems maintenance or "software evolution" functions. The company's solutions, which employ software tools, methodologies and processes, are designed to automate the labor-intensive processes involved in conducting "mass change" and other software maintenance tasks. In 1996, the company released its first software product, its AutoEnhancer/2000 software, which is aimed at the most pressing mass change challenge, the "year 2000 problem". The company licenses this software directly to end users as well as through consultants, systems integrators and distributors. The company also provides software maintenance outsourcing services to large organizations that seek to enhance the productivity of their IT systems and application software maintenance functions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain existing indebtedness, research and development, working capital and other general corporate purposes and possible acquisitions. |