MetaSolv Software Inc. –

PLANO, Texas – MetaSolv Software Inc., a telecommunications software company, went public November 18, offering 5 million shares at $19 apiece. The company’s stock priced well above its $15 to $17 filing range.

Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Jefferies & Co. Inc., the initial public offering left 33.2 million shares outstanding.

Austin Ventures L.P., Business Resources International Inc., Kettle Partners L.P. and Weiss, Peck & Greer Venture Partners L.P. were venture backers. There were no selling shareholders.

The company’s network-based software helps local exchange and wireless phone companies fulfill customer requests for telecommunications services, including order processing, inventory management and troubleshooting. MetaSolv’s customers include Allegiance Telecom Inc., ALLTEL Corp., Ameritech Corp., GTE Corp. and Qwest Communications International Inc.

The $87.2 million in proceeds expected from the IPO will be used to obtain additional equity capital, create a public market for the company’s common stock and to facilitate future access to public markets.

MetaSolv Software generated a profit of $120,000 in 1997 and lost $186,000 in 1998.

David Semmel, a general partner at Kettle, joined the company’s board of directors in January 1994. John Thornton, a general partner at Austin Ventures, joined the company’s board of directors in June 1996. Barry Eggers, a general partner at Weiss, Peck & Greer, joined the board in June 1998.

MetaSolv Software – Selected Financial

(in thousands, except per share data)

Year Ended December 31 Nine Months Ended September 30

1996 1997 1998 1998 1999

Total revenue 3,822 9,299 42,576 25,870 50,985

Net income (loss) 648 120 -186 -1,723 1,174

Net income (loss) per share 0.06 0.01 -0.02 -0.15 0.1