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| Viant Corporation |
| 89 South Street, Boston, MA 02111 * (617) 531-3700 |
| Business Description | We are a leading Internet professional services firm helping companies to capitalize on the Internet. We utilize a unique multi-disciplinary service approach that combines three core disciplines, strategic consulting, creative design and technology services. |
| Offering Information Company has | |||
| Trading As | VIAN (NASNTL) | Industry | Internet (SIC 7371) |
| Type of Stock Offered | Common Shares | Filing Date | 04/09/1999 |
| Domestic Shares Offered | 3,000,000 | Offer Date | 06/17/1999 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $16.00 |
| Company Shares | 3,000,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $48,000,000 | Selling | $0.610 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 20,467,800 | Employees | 246 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Wit Capital Corporation | Co-manager | (212) 253-4400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 01/01/1999 | ||||
| Revenues | - | - | 0.642 | 8.808 | 20.043 | - | - |
| Income from Oper. | - | - | -1.750 | -4.178 | -6.325 | - | - |
| Net Income | - | - | -1.659 | -4.080 | -6.487 | - | - |
| E.P.S | - | - | -0.420 | -1.180 | -1.760 | - | - |
| Revenue Growth (%) | - | - | 1,271.96 | 127.554 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -8.89 | - | - | ||||
| Cash Flow - Inv. | -0.89 | - | - | ||||
| Cash Flow - Fin. | 22.43 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 01/01/1999 | Financial Ratios | ||||
| Total Assets | 29.75 | Current Assets | 25.47 | Current Ratio | 3.24 |
| Total Liab. | 10.09 | Current Liab. | 7.85 | Debt Ratio | 33.91% |
| Total Equity | 19.67 | Working Cap. | 17.62 | Debt to Equity Ratio | 0.51 |
| Cash | 18.21 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, working capital, capital expenditures, and the reduction of debt. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm | Hale and Dorr |
| Registrar/Transfer Agent | Boston Equiserve Limited Partnership |
| Auditor | Pricewaterhouse Coopers LLC |
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| Industry Competition |
Viant competes in the Internet professional services market which is relatively new and intensely competitive. Viant expects competition to intensify as the market evolves. Viant believes that the competitors fall into several categories, including the following: - Internet service firms, such as AGENCY.COM, iXL, Organic Online, Proxicom and USWeb/ CKS; - technology integrators, such as Andersen Consulting, Cambridge Technology Partners, Cap Gemini, EDS, IBM, and Sapient; and - strategic consulting firms, such as Bain, Booz-Allen & Hamilton, Boston Consulting Group, Diamond Technology Partners, McKinsey and Metzler Group. Many of Viant's competitors have longer operating histories, larger client bases, longer relationships with clients, greater brand or name recognition and significantly greater financial, technical, marketing and public relations resources than Viant. Viant believes that only a few of these competitors offer an integrated package of professional Internet services. Several competitors, however, have announced their intention to offer a broader range of services than they currently provide. |