IPOs/Recent Issues: LANDACORP –

Atlanta, GA

Went public 2/9/2000 at $10 apiece

Filing Range: 3.5 mil. shares @ $8 to $10

Shares Outstanding: 13.22 mil. shares

Underwriters: Chase H&Q

Prudential Volpe Technology/SG Cowen


(Data except per-share in $ thousands)


12/97 12/98 9/98 9/99

Total Revenue $4,038 $6,217 $4,648 $7,067

Net Loss -1,011 -1,910 -352 -1,452

Net Loss Per Share -.27 -.17

The Company:

Landacorp provides business-to-business e-medical management solutions to healthcare payers and providers that are designed to help the company’s clients control the cost and improve the quality of healthcare delivery. The company’s applications automate and streamline administrative and business processes and facilitate real-time interaction among various healthcare participants. Landacorp enables its clients to deliver consistent and appropriate medical care utilizing their chosen clinical guidelines and business process rules. Landacorp currently offers two products to healthcare payers: maxMC and e-maxMC, an Internet-based medical management solution. As of December 31, 1999, five payers who claim to have a combined membership of six million participants were using maxMC. The company has completed internal testing of e-maxMC internally and recently began offering the solution to payers. Maxsys II is Landa’s medical management solution for healthcare providers. As of December 31, 1999, approximately 175 hospitals were using Maxsys II or its predecessor, Maxsys I.


Working capital and other general corporate purposes, including expenditures for the development and implementation of new products, increasing the size of the company’s sales and marketing organization and pursuing strategic partnerships and acquisitions that are complementary to its current and future business and product lines.

Venture Backers:

Bedrock Capital Partners, Greylock Management Corp., Sequoia Capital

Board Members:

Thomas Stephenson, Seqoia Capital February 1998

Howard Cox, Greylock Management Corp. February 1998

Jason Rosenbluth, Bedrock Capital Partners February 1998