Great Valley, Pa.

Went public 8/4/2000 at $11 per share

Filing Range: 3 mil. shares @ $10 to $12

Shares Outstanding: 12.12 mil. shares

Underwriters: Friedman, Billings, Ramsey & Co. Inc./Stifel, Nicolaus &

Co. Inc./Janney Montgomery Scott Inc.

Company Counsel: Cozen & O’Connor

Manager Counsel: Jenkins & Gilchrist

Auditor: Arthur Andersen & Co.

The Company:

Makes flight information computers, electronic displays and monitoring systems that measure critical flight information such as airspeed, altitude and engine and fuel data. Innovative Solutions and Support’s reduced vertical separation minimum (RVSM) products allow planes to fly vertically closer together on heavily traveled routes.

Venture Backers:

Mid-Atlantic Venture Funds

Churchill Investment Partners

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 08/01/1988 2 Early Stage 500.0

2 04/01/1997 1 Expansion 100.0


(Data in $ millions)



Total Revenues: $22.5

Net Income: 4.2