| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Global Imaging Systems, Inc. |
| 13902 North Dale Mabry, Suite 300, Tampa, FL 33618 * (813) 960-5508 |
| The company is a leading consolidator in the highly fragmented office imaging solutions industry. |
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| NASNTL: | GISX | Retail: | SIC 5995 | |
| Type of Shares: | Common Shares | Filing Date: | 3/17/98 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 6/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 6,000,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $90,000,000 | Selling: | $0.48 | |
| Expenses: | $2,000,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 18,263,639 | |||
| Employees: | 1140 |
| Issuer's Law Firm: | Hogan & Hartson |
| Bank's Law Firm: | Willkie Farr & Gallagher |
| Auditor: | Ernst & Young |
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 | ||
| 3/31/97 | 12/31/97 | 12/31/96 | 12/31/97 | ||
| Revenue: | $64.09 | $110.03 | $44.11 | Assets: | $155.91 |
| Net Income: | -$0.28 | $1.44 | -$0.29 | Curr Assets: | $50.56 |
| EPS: | -$0.03 | $0.13 | -$0.03 | Liabilities: | $120.70 |
| Prior EPS: | -$0.13 | Curr Liab: | $28.36 | ||
| Cash Flow/Oper: | Equity: | $35.22 | |||
| Cash Flow/Fin: | Cash: | $3.90 | |||
| Cash Flow/Inv: | Working Cap: | $22.21 | |||
| Competition |
| The Company faces competition in the automated office equipment market, the electronic presentation systems market and the DIM systems market from large dealers like IKON and Danka, independent dealers, and manufacturers' sales and service divisions, including Canon, Kodak, Konica, Minolta, Pitney Bowes, Wang and Xerox, as well as office superstores and consumer electronics chains. As digital and other new technology develops, the Company may find itself competing with new distributions channels, including computer distributors and value added resellers, for products containing new technology. Principal areas of competition in these markets include price and product capabilities; quality and speed of post-sales service support; availability of equipment, parts and supplies; speed of delivery; financing terms and availability of financing, leasing, or rental programs. In the network integration services market, the Company competes with large companies such as GE Capital, AmeriData, Inacom and Vanstar, as well as a large number of smaller competitors with regional or local operations and the in-house capabilities of its customers. Principal areas of competition in this market include reputation, quality and speed of support, and price. The Company also faces competition in acquiring core and satellite companies from consolidators such as IKON, Danka, and a number of other independent dealers that have been active in consolidating in its markets in recent years. |
| Business Plan |
| The Company's goal is to become the provider of choice for all of its customers' office imaging needs by offering a full range of products and services and superior customer service. The Company's strategy to achieve this goal contains the following elements: (I) Serve as a Single Source Provider of Office Imaging Solutions, (ii) Make Strategic Acquisitions, (iii) Stimulate Internal Growth and (iv) Optimize Profitability and Operating Efficiency. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay existing indebtedness and to pay the cash portion of the redemption price of all of the outstanding shares of the company's Class A common stock |