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| Convergent Group Corporation |
| 6399 South Fiddler's Green Circle, Suite 600, Englewood, CO 80111 * (303) 741-8400 |
| Business Description | The company is a leading provider of professional services that enable our utility and local government clients to implement Internet-based eBusiness solutions. We combine our use of existing and emerging digital technologies with our business expertise in the utility and local government sectors to deliver solutions that address our clients' mission-critical business problems. |
| Offering Information Company has | |||
| Trading As | CVGP (NASNTL) | Industry | Internet (SIC 7371) |
| Type of Stock Offered | Common Shares | Filing Date | 2/17/00 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 7/31/00 |
| Foreign Shares Offered | 0 | Filing Range | $7.00 - $9.00 |
| Company Shares | 5,000,000 | Offer Price | $7.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.490 |
| Gross Proceeds | $35,000,000 | Selling | $0.280 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 44,464,957 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Wit SoundView | Co-manager |
| 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 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 |
| Revenues | 57.980 | 51.742 | 40.856 | 47.415 | 66.610 | 14.809 | 18.633 |
| Income from Oper. | -10.907 | -26.279 | -0.017 | 3.759 | -16.001 | 1.444 | -0.024 |
| Net Income | -11.061 | -26.753 | -1.105 | 5.677 | -15.256 | 1.587 | -0.899 |
| E.P.S | -0.970 | -1.420 | -0.120 | 0.320 | -0.200 | 0.090 | -0.060 |
| Revenue Growth (%) | -10.76 | -21.04 | 16.05 | 40.483 | 25.82 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | 7.93 | - | - | 9.75 |
| Net Profit Margin (%) | - | - | - | 11.97 | - | - | 10.72 |
| Cash Flow - Oper. | -12.72 | -3.17 | 1.55 | ||||
| Cash Flow - Inv. | -1.76 | -0.30 | -0.87 | ||||
| Cash Flow - Fin. | 11.12 | -0.21 | 0.08 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 29.64 | Current Assets | 23.98 | Current Ratio | 1.28 |
| Total Liab. | 40.84 | Current Liab. | 18.72 | Debt Ratio | 137.82% |
| Total Equity | -11.21 | Working Cap. | 5.26 | Debt to Equity Ratio | - |
| Cash | 2.36 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | O'Sullivan Graev & Karaball, L.LP |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | Norwest Bank of Minnesota |
| Auditor | Grant Thornton |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| UBS Capital II LLC | 22.00 | |
| Entities affiliated with Insight Capital Partners | 22.00 | |
| Entities associated with Wexford Management LLC | 6.40 | |
| Entities affiliated with GS Private Equity Partners | 6.40 | |
| Note: represents ownership of 5% or more prior to the offering. | ||