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Active Software, Inc.
3333 Octavius Drive, Santa Clara, CA 95054 * (408) 988-0414
Business Description The company is a leading provider of eBusiness integration software. We excel at enabling companies to conduct their businesses electronically through the use of Internet or other networking technologies, thereby empowering them to operate as eBusinesses.
Offering
Information

Company has
gone public

Trading As  ASWX (NASNTL) Industry  High-Tech (SIC 7372)
Type of Stock Offered  Common Shares Filing Date  06/11/1999
Domestic Shares Offered  3,500,000 Offer Date  08/12/1999
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  3,500,000 Offer Price  $11.00
Selling Shrhldrs Shares  0 Gross Spread  $0.770
Gross Proceeds  $38,500,000 Selling  $0.420
Expenses  - - Reallowance  $0.100
Post-IPO Shares  23,751,400 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Dain Rauscher Wessels Co-manager (612) 371-2818
Lehman Brothers Incorporated Co-manager (212) 526-8100
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data   12/31/1995 12/31/1996 12/31/1997 12/31/1998 03/31/1998 03/31/1999
Revenues   - 0.025 0.285 3.193 7.599 1.443 3.562
Income from Oper.   - -0.127 -2.916 -4.982 -9.597 -1.447 -2.601
Net Income   - -0.133 -2.814 -4.853 -9.326 -1.435 -2.580
E.P.S   - -10.230 -6.590 -2.500 -3.010 -0.590 -0.570
Revenue Growth (%)      - 1,040.00 1,020.35 137.989   146.85
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -9.01 -1.07 -1.56
Cash Flow - Inv.     -0.71 -0.13 -0.38
Cash Flow - Fin.     14.31 8.03 0.22
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    10.27 Current Assets    9.05 Current Ratio    2.23
Total Liab.    4.14 Current Liab.    4.06 Debt Ratio    40.33%
Total Equity    6.13 Working Cap.    - Debt to Equity Ratio    0.68
Cash    5.75    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Venture Law Group
Bank's Law Firm  Shearman & Sterling
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Deloitte & Touche
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Last updated: 09/29/1999 3:50:39 AM
© 1999 IPO Data Systems, Inc. - All rights reserved.