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Sequoia Software Corporation
5457 Twin Knolls Road, Columbia, MD 21045 * (410) 715-0206
Business Description The company is a leading provider of XML-based Internet infrastructure software for creating interactive e-business portals.
Offering
Information

Company has
gone public

Trading As  SQSW (NASNTL) Industry  Internet (SIC 7372)
Type of Stock Offered  Common Shares Filing Date  2/8/00
Domestic Shares Offered  4,200,000 Offer Date  5/11/00
Foreign Shares Offered  0 Filing Range  $8.00 - $10.00
Company Shares  4,200,000 Offer Price  $8.00
Selling Shrhldrs Shares  0 Gross Spread  $0.560
Gross Proceeds  $33,600,000 Selling  $0.320
Expenses  - - Reallowance  $0.100
Post-IPO Shares  27,200,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Lehman Brothers Incorporated Lead Manager (212) 526-8100
Fidelity Capital Markets Co-manager  
SG Cowen Co-manager (212) 495-6000
Wit SoundView Co-manager  
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     12/31/97 12/31/98 12/31/99    
Revenues   - - 3.676 4.011 8.398 - -
Income from Oper.   - - -0.528 -2.878 -12.301 - -
Net Income   - - -0.548 -2.958 -12.792 - -
E.P.S   - - -0.290 -2.570 -6.540 - -
Revenue Growth (%)      - - 9.11 109.343   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -11.09 - -
Cash Flow - Inv.     -0.64 - -
Cash Flow - Fin.     20.75 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    22.28 Current Assets    15.52 Current Ratio    3.19
Total Liab.    48.82 Current Liab.    4.87 Debt Ratio    219.10%
Total Equity    -26.54 Working Cap.    10.65 Debt to Equity Ratio    -
Cash    10.90    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to fund the development of products and services and expand the sales force and sales office locations.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Piper & Marbury
Bank's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Registrar/Transfer Agent  HSHB Bank USA
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Baker Communications Fund, L.P. 30.50  
divine interVentures, inc. 10.70  
Anthem Capital, L.P. 9.90  
Flanders Language Valley Fund, C.V.A. 8.90  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:57:11 AM
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