| IPO Company Profile |
| SEC Filings | Peer IPO Companies | Company's Home Page |
| Open Solutions, Inc. |
| 300 Winding Brook Drive, Glastonbury, CT 06033 * (860) 652-3155 |
| The company is a leading provider of client/server core processing software and related services to small to mid-size banks and credit unions. |
| Manager | Tier | Phone |
| BT Alex Brown | Lead Manager | (410) 727-1700 |
| CS First Boston | Co-manager | (212) 325-2000 |
| UBS Securities Inc. | Co-manager | (212) 821-4510 |
| NASNTL: | OSIF | High-Tech: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 6/10/98 | |
| U.S. Shares Filed: | 2,800,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $30,800,000 | |
| Primary Shares: | 2,617,000 | Expenses: | - | |
| Secondary Shares: | 183,000 | Post-IPO Shares: | ||
| Employees: | 121 |
| Issuer's Law Firm: | Hale and Dorr |
| Bank's Law Firm: | Goodwin Procter & Hoar |
| Registrar/Transfer Agent: | BankBoston |
| Auditor: | Price Waterhouse |
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: | $6.65 | $2.33 | $0.98 | Assets: | $11.69 |
| Net Income: | -$3.06 | -$2.03 | -$1.18 | Curr Assets: | $9.86 |
| EPS: | -$1.42 | -$0.94 | -$0.55 | Liabilities: | $3.79 |
| Prior EPS: | -$1.73 | Curr Liab: | $3.63 | ||
| Cash Flow/Oper: | -$1.03 | -$0.51 | -$1.28 | Equity: | $7.90 |
| Cash Flow/Fin: | $5.00 | $0.55 | $0.01 | Cash: | $7.35 |
| Cash Flow/Inv: | -$0.81 | -$0.29 | -$0.12 | Working Cap: | $6.23 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and other general corporate purposes. |