| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| SOFTWORKS, Inc. |
| 5845 Richmond Highway, Suite 400, Alexandria, VA 22303 * (703) 317-2424 |
| The company develops, markets, licenses and supports a family of enterprise systems management software products for data and storage management and performance management. |
| Manager | Tier | Phone |
| SoundView Financial Group, Inc. | Lead Manager | (203) 462-7242 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| NASNTL: | SWRX | High-Tech: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 5/29/98 | |
| U.S. Shares: | 4,200,000 | Offer Date: | 8/3/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,700,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 2,500,000 | Gross Spread: | $0.49 | |
| Offering Amount: | $37,800,000 | Selling: | $0.29 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 15,390,000 | |||
| Employees: | 212 |
| Issuer's Law Firm: | Blau, Kramer, Wactlar & Lieberman |
| Bank's Law Firm: | Morrison & Foerster |
| Registrar/Transfer Agent: | Manhattan Transfer Registrar Co. |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $26.77 | $6.60 | $4.67 | Assets: | $33.42 |
| Net Income: | $0.79 | -$0.77 | -$0.33 | Curr Assets: | $17.06 |
| EPS: | $0.06 | -$0.06 | -$0.02 | Liabilities: | $28.09 |
| Prior EPS: | $0.06 | Curr Liab: | $17.93 | ||
| Cash Flow/Oper: | $0.21 | $1.74 | -$0.16 | Equity: | $5.33 |
| Cash Flow/Fin: | $1.01 | -$0.41 | -$0.05 | Cash: | $0.91 |
| Cash Flow/Inv: | -$2.56 | -$0.80 | -$0.58 | Working Cap: | -$0.87 |
| Competition |
| The market in which the Company operates is highly competitive, rapidly evolving and subject to continuous technological change. The Company's products have traditionally addressed niches within the performance and storage management segments. In conjunction with the Company's SST strategy, the Company groups its existing products into bundles to compete more effectively and better address customers' strategic issues. This approach enables the Company to expand its audience to include systems and applications personnel, as well as a higher level of management within the customer and prospect base. |
| Business Plan |
| The Company's objective is to become a leading provider of data and storage management products, performance management products, and related systems management software products and services on both mainframe and multi-platform environments. The primary elements of the Company's strategy to achieve this objective include the following: (I) Enhance and extend product offerings in current arenas, (ii) Expand domestic and international sales channels, (iii) Leverage existing customer base, (iv) Offer products in new systems management arenas and (v) Pursue strategic partnerships, alliances and acquisitions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes. |