IPOs/recent issues: SABA SOFTWARE –

Redwood Shores, Calif.

Went public 4/7/2000 at $15 apiece

Filing Range:4 mil. shares @ $12 to $14

Shares Outstanding:42.85 mil. shares

Underwriters:Goldman Sachs

Merrill Lynch/Robertson Stephens/Banc of America

Securities LLC


(Data in $ millions)


5/98 5/99 11/98 11/99

Total Revenue $.04 $1.94 $.48 $5.2

Net Loss -1.57 -10.85 -2.6 -17.68

The Company:

Founded in April 1997, Saba Software develops solutions which allow businesses and governments to create and deploy global education networks. Saba also offers learning providers an Internet-based global marketing and distribution channel. The company recently launched the Saba Learning Exchange, an Internet-based B2B learning marketplace. The company’s solution consists of the Saba Learning Enterprise and Saba Learning Provider software applications, as well as Saba Learning Exchange. Saba Learning Enterprise is an Internet-based software application that allows enterprises to assess the learning needs of individuals and organizations, select and purchase on-line and off-line learning materials and programs, track individual learners’ progress, and manage enterprise-wide learning initiatives. Saba Learning Provider is an Internet-based software application that enables learning providers to develop, market, sell and distribute on-line and off-line learning materials to organizations worldwide. The Saba Learning Exchange is designed to enable businesses, governments and learning providers to buy and sell learning offerings, as well as collaborate within learning communities. As of Dec. 31, 1999, over two million people were licensed to learn and more than 20,000 learning offerings were accessible on Saba learning networks. Significant customers include 3Com, Agilent, Anheuser-Busch, Cisco Systems and Continental Airlines.


Estimated net proceeds of $47.4 million will be used for working capital and capital expenditures.

Venture Backers:

Sequoia Capital, London Pacific Life & Annuity Company, Crosslink Capital Inc.

Board Members:

Bobby Yazdani

Terry Carlitz

Douglas Allred

Robert Cohn

Joseph Costello

Joe Kiani

Michael Moritz