| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| DSET Corporation |
| 1011 US Highway 22, Bridgewater, NJ 08807 * (908) 526-7500 |
| The company is a leading provider of telecommunications network management solutions, including industry-standard application development tools, custom application development services and carrier-to-carrier network applications. |
| Manager | Tier | Phone |
| BT Alex Brown | Lead Manager | (410) 727-1700 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7242 |
| NASNTL: | DSET | High-Tech: | SIC 7371 | |
| Type of Shares: | Common Shares | Filing Date: | 1/7/98 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 3/12/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $16.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $1.12 | |
| Offering Amount: | $54,250,000 | Selling: | $0.64 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 9,303,092 | |||
| Employees: | 125 |
| Issuer's Law Firm: | Buchanan Ingersoll |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Price Waterhouse |
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 | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $13.12 | $13.42 | $9.25 | Assets: | $11.47 |
| Net Income: | $2.01 | $1.65 | $1.39 | Curr Assets: | $9.42 |
| EPS: | $0.25 | $0.19 | $0.17 | Liabilities: | $4.28 |
| Prior EPS: | $1.30 | -$0.02 | Curr Liab: | $4.05 | |
| Cash Flow/Oper: | $0.53 | $0.21 | -$5.05 | Equity: | $7.20 |
| Cash Flow/Fin: | -$5.05 | -$1.40 | -$0.14 | Cash: | $2.46 |
| Cash Flow/Inv: | -$0.90 | Working Cap: | $5.37 | ||
| Competition |
| Competition in DSET's markets is intense and involves rapidly changing technologies, evolving industry standards, frequent new product introductions and rapid changes in customer requirements. To maintain and improve its competitive position, DSET must continue to develop and introduce, on a timely and cost-effective basis, new products, features and services that keep pace with the evolving needs of its customers. The principal competitive factors affecting the market for the Company's software tools are product reputation, quality, performance, price, customer support and product features such as adaptability, scalability, ability to integrate with other products, functionality and ease of use. The Company believes that the principal competitive factors in the market for application development services include compliance with industry standards, quality of service and deliverables, speed of development and implementation, price, project management capability and technical and business expertise. The Company believes that the principal competitive factors in the market for carrier-to-carrier applications includes many of the same factors as the market for application development services as well as the ability of such applications to facilitate the flow-through of information between carriers' networks and systems. While there can be no assurance that the Company will be able to compete effectively based upon such competitive factors, DSET believes that its capabilities in TMN applications differentiates its products and services in the marketplace. |
| Business Plan |
| The Company's objective is to become the leading provider of industry- standard network management solutions for evolving telecommunications networks. The Company's strategy involves the following key elements: (I) Extend Technological Leadership, (ii) Expand Application Development Services, (iii) Deliver a Suite of Carrier-to-Carrier Applications, (iv) Expand Sales and Distribution Capabilities and (v) Pursue Strategic Acquisitions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including working capital and possible acquisitions. |