| IPO Company Profile | |||
| DocuCorp International, Inc. | |||
| Ticker: | DOCC | 5910 North Central Expressway, Suite 800 | |
| Exchange: | NASDAQ-National Market | Dallas, TX 75206 | |
| Industry: | High-Tech (SIC Code 7372) | (214) 891-6500 | |
| # of Employees: | 285 | ||
| Offering Information | |||||
| Shares Offered: | Common Shares | Filing Date: | 1/16/98 | |
| U.S. Shares Filed: | 6,720,000 | Offer Date: | 4/16/98 | |
| Non-U.S. Shares Filed: | - | Filing Price: | $5.00 | |
| Primary Shares: | 4,000,000 | Offer Price: | $5.00 | |
| Secondary Shares: | - | |||
| Offering Amount: | $20,000,000 | Gross Spread: | $0.00 | |
| Expenses: | - | Selling: | $0.00 | |
| Shares Out After: | - | Reallowance: | $0.00 |
| Primary Underwriting Group | ||
| Manager | Tier | Phone |
| Tucker Anthony Incorporated | Lead Manager | (800) 453-8205 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Legal Counsel, Auditor and Registrar | ||
| Issuer's Law Firm: | Morgan, Lewis & Bockius | |
| Bank's Law Firm: | Drinker Biddle & Reath | |
| Auditor: | Price Waterhouse | |
| Registrar/Transfer Agent: | Securities Transfer Corporation | |
| Selected Financial Data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/97 | 10/31/97 | 10/31/96 | 10/31/97 | ||
| Revenue: | $17.50 | $10.85 | $2.82 | Assets: | $31.02 |
| Net Income: | -$16.10 | $0.72 | $0.58 | Curr Assets: | |
| EPS: | -$1.19 | $0.05 | $0.06 | Liabilities: | $18.69 |
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | $6.04 | Equity: | $12.33 | ||
| Cash Flow/Fin: | -$10.56 | Cash: | |||
| Cash Flow/Inv: | $5.48 | ||||
| (Dollar amounts in U.S. millions except for per share data) | |||||
| Business Description |
| The company develops, markets and supports a portfolio of open-architecture, enterprise-wide document automation software products that enable its customers to produce complex, high volume, customized documents. In addition, the Company provides document automation consulting and applications integration services through a 145-person service organization. The Company also provides document processing and printing services which utilize the Company's software to provide solutions for handling high volume, complex print, finish and mailing for customers who outsource this activity. The company's software products support leading hardware platforms, operating systems, printers and imaging systems. These products are designed to create, publish and store documents such as insurance policies, utility statements, telephone bills, bank and mutual fund statements, invoices, direct mail correspondence, bills of lading and other customer oriented documents. The Company currently has an installed base of approximately 700 customers. |
| Competition |
| The market for the Company's document automation products is intensely competitive. The Company faces competition from a broad range of competitors, many of whom have greater financial, technical and marketing resources than the Company. The Company's principal competition currently comes from (i) systems developed in-house by the internal MIS departments of large organizations and (ii) direct competition from numerous software vendors, including Document Sciences Corporation (which is majority owned by Xerox Corporation ("Xerox")), M&I; Data Services, Mobius Management Systems, Inc., Cincom Systems, Inc., and Group 1 Software, Inc. There can be no assurance that the Company will be able to compete effectively with such entities. |
| Business Plan |
| The Company's strategy for growth consists of the following: (I) Leveraging Existing Customer Relationships, (ii) Expanding Professional Services, (iii) Entering New Vertical Markets, (iv) Developing and Enhancing New Technologies, (v) Expanding Internationally and (vi) Pursuing Acquisitions and Strategic Alliances. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the repayment of outstanding debt, vertical market and international expansion, working capital and general corporate purposes. |
Jackson Heights, NY 11372 212-332-0071[email protected]
[email protected] [email protected]© 1998 IPO Data Systems, Inc. - All rights reserved.