| TSI International Software Ltd. | |||
| Ticker: | TSFW | 45 Danbury Road | |
| Exchange: | NASDAQ-National Market | Wilton, CT 06897 | |
| Industry: | High-Tech (SIC Code 7372) | (203) 761-8600 | |
| Type of Shares: | Common Shares | Filing Date: | 5/16/97 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 7/2/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 4,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $32,000,000 | Selling: | $0.36 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7242 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6105 |
| Issuer's Law Firm: | Fenwick & West |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | Bank of New York |
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: | $19.00 | $5.51 | $4.09 | Assets: | $8.72 |
| Net Income: | $1.23 | $0.31 | $0.12 | Curr Assets: | |
| EPS: | $0.31 | $0.07 | $0.03 | Liabilities: | $10.75 |
| Prior EPS: | $0.22 | -$0.55 | $0.63 | Curr Liabilities: | |
| Cash Flow/Oper: | $0.73 | Equity: | -$2.03 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of software and related services that enable organizations to integrate their business applications both internally and with external business partners. The company's flagship product, Mercator, is a data transformation engine which permits enterprises to exchange information between internal systems, to implement and integrate advanced client/server applications with their core business systems. In addition to Mercator, the company's Trading Partner products permit businesses to exchange information with business partners and to integrate EDI data with back office applications. The evolution of enterprise computing has resulted in a proliferation of business software applications across disparate and heterogeneous computing systems. To improve effectiveness, efficiency and competitive positioning, organizations are increasingly seeking to integrate and coordinate these applications, both within the enterprise and with a growing number of external business partners. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness and general corporate purposes including working capital. |