Petach-Tikva, Israel
Went public 6/29/2000 at $11 apiece
Filing Range: 5 mil. shares @ $10 to $12
Shares Outstanding: 19.88 mil. shares
Underwriters: CIBC World Markets/Dain Rauscher Wessels/US Bancorp
Piper Jaffray
Company Counsel: Alston & Bird
Manager Counsel: Ropes & Gray
Auditor: Kesselman & Kesselman
The Company:
Provides the multimedia conferencing industry with the state-of-the-art MCU product while establishing new standards of excellence in technology, quality and service. Accord’s first product, the MGC-100, is designed specifically for multimedia conferencing. It has a revolutionary new telecom architecture and offers unparalleled throughput capabilities.
Venture Backers:
Advanced Technology Ventures
Norwest Venture Partners
SVM Star Ventures Management GmbH
Gilde Venture Fund
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors $ thousands)
1 05/01/1994 1 Early Stage 1100.0
2 01/01/1995 1 Early Stage 750.0
3 03/01/1996 3 Early Stage 5200.0
4 04/01/1997 3 Early Stage 1400.1
5 07/01/1997 4 Early Stage 4000.0
6 12/31/1997 2 Early Stage 8000.0
7 01/01/1998 1 Early Stage 5000.0
8 03/01/1998 1 Later Stage 9000.0
9 08/02/1999 2 Later Stage 6500.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $23.36
Net Income: 0.364