New Hampshire, MA
Went public 2/1/2000 at $14 apiece
Filing Range: 3.1 mil. shares @ $12 to $14
Shares Outstanding: 12.58 mil. shares
Underwriters: Credit Suisse First Boston
Banc of America Securities/Thomas Weisel Partners
(Data except per-share in $ thousands)
Y/E Y/E 9 MOS 9 MOS
1/98 1/99 10/98 10/99
Total Revenue $0 $0 $0 $2,371
Net Loss -824 -8,273 -4,706 -12,233
Net Loss Per Share -1.28 -5.64 -3.33 -8.72
Skillsoft provides Web-based training resources for Global 2000 companies that cover a variety of professional effectiveness and business topics (commonly called “soft skills”). The company’s library of more than 215 courses encompasses a wide array of professional effectiveness skills, such as management, leadership, communication, project management and customer service, as well as business topics such as finance, marketing, sales and strategy. All of the Skillsoft’s courses and support tools have been specifically designed to take advantage of the benefits offered by the Internet and the Web-based environments of the Skillsoft’s customers, enabling its users to access the material they need, with the specificity or breadth that they require, anytime or anywhere that they may need it. The company’s training resources are designed to increase the competitive strength and productivity of organizations by improving employee performance with immediate, universally accessible skill enhancers and job support tools. As of August, the company had 27 customers, including Adobe, Citibank, Dayton Hudson, EMC, Ernst & Young, Fluor Daniel, GTE, IBM and National Car Rental.
General corporate purposes, including expansion of its sales and marketing capabilities, product development, expansion of its international operations and working capital.
Warburg, Pincus Ventures Inc.
Stewart Gross, E.M. Warburg, Pincus & Co. L.L.C. January 1998
C. Samantha Chen, E.M. Warburg, Pincus & Co. L.L.C. June 1999