| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| AnswerThink Consulting Group, Inc. |
| 1001 Brickell Bay Drive, Suite 3000, Miami, FL 33131 * (305) 375-8005 |
| The company is a rapidly growing provider of knowledge-based consulting and information technology services to Fortune 1000 companies and other sophisticated buyers. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| NASNTL: | ANSR | Service: | SIC 8748 | |
| Type of Shares: | Common Shares | Filing Date: | 3/17/98 | |
| U.S. Shares: | 3,850,000 | Offer Date: | 5/27/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,850,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $50,050,000 | Selling: | $0.55 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 379 |
| Issuer's Law Firm: | Hogan & Hartson |
| Bank's Law Firm: | Ropes & Gray |
| Registrar/Transfer Agent: | BankBoston |
| Auditor: | Coopers & Lybrand |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 1/2/98 | 1/2/98 | ||||
| Revenue: | $14.85 | Assets: | $28.65 | ||
| Net Income: | -$12.09 | Curr Assets: | $13.74 | ||
| EPS: | -$0.95 | Liabilities: | $17.76 | ||
| Prior EPS: | Curr Liab: | $5.56 | |||
| Cash Flow/Oper: | -$11.24 | Equity: | $10.89 | ||
| Cash Flow/Fin: | $29.23 | Cash: | $3.17 | ||
| Cash Flow/Inv: | -$14.82 | Working Cap: | $8.18 | ||
| Competition |
| The market for consulting and IT services includes a large number of competitors, is subject to rapid change and is highly competitive. Primary competitors include participants from a variety of market segments, including "Big Six" accounting firms, systems consulting and implementation firms, application software firms, service groups of computer equipment companies, outsourcing companies, systems integration companies and general management consulting firms. Many of these competitors have significantly greater financial, technical and marketing resources and greater name recognition than the Company. The Company also competes with its clients' internal resources, particularly where these resources represent a fixed cost to the client. Such competition may impose additional pricing pressures on the Company. There can be no assurance that the Company will compete successfully with its existing competitors or with any new competitors. In addition, the Company is party to a confidential settlement agreement with a "Big Six" accounting firm resulting from certain litigation which contains certain non-competition and non-solicitation provisions. There can be no assurance that the Company may not be inhibited from soliciting certain potential clients. |
| Business Plan |
| The Company's goal is to become a leading global provider of knowledge-based consulting and IT services. AnswerThink's strategy to achieve this goal includes the following elements: (I) Maintain a Culture Designed for Rapid Growth, (ii) Develop and Expand Client Relationships, (iii) Leverage and Expand Scalable Infrastructure, (iv) Expand Service Offerings and (v) Pursue Strategic Acquisitions and Partnerships. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, working capital, potential acquisitions and general corporate purposes. |