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| Avesta Technologies, Inc. |
| Two Rector Street, New York, NY 10006 * (212) 285-1500 |
| Business Description | The company is a leading provider of software that manages the infrastructure of e-business. |
|
Filing Information Not yet | |||
| To Trade As | AVST (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 11/19/1999 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $54,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 09/30/1998 | 09/30/1999 | ||
| Revenues | - | - | 0.083 | 1.554 | 2.753 | 1.073 | 9.722 |
| Income from Oper. | - | - | -0.023 | -3.105 | -7.047 | -5.563 | -6.333 |
| Net Income | - | - | -0.026 | -3.226 | -6.966 | -5.493 | -6.042 |
| E.P.S | - | - | - | -0.400 | -0.870 | -0.690 | -0.710 |
| Revenue Growth (%) | - | - | 1,772.29 | 77.156 | 806.06 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -7.30 | -5.30 | -5.44 | ||||
| Cash Flow - Inv. | -0.40 | -0.37 | -18.11 | ||||
| Cash Flow - Fin. | 9.15 | 6.13 | 20.70 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1999 | Financial Ratios | ||||
| Total Assets | 26.79 | Current Assets | 24.63 | Current Ratio | 3.55 |
| Total Liab. | 42.81 | Current Liab. | 6.94 | Debt Ratio | 159.79% |
| Total Equity | -16.02 | Working Cap. | 17.68 | Debt to Equity Ratio | - |
| Cash | 0.77 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion of our sales and marketing activities, research and product development, and potential acquisitions as well as working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Morrison & Foerster |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Information Associates, L.P. | 25.30 | |
| Kam M. Saifi | 16.20 | |
| AT&T; Venture Fund I, L.P. | 14.20 | |
| Kanata Research Park Corporation | 6.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||