Lexington, Mass.

Went public 8/9/2000 at $10 per share

Filing Range: 4 mil. shares @ $10 to $12

Shares Outstanding: 16.98 mil. shares

Book Manager: Donaldson, Lufkin & Jenrette/U.S. Bancorp Piper

Jaffray/Wit SoundView Group Inc./ DLJdirect Inc.

Company Counsel: Mintz Levin Cohn Ferris Glovsky & Popeo

Manager Counsel: Goodwin Procter & Hoar

Auditor: Arthur Andersen & Co.

The Company:

Provides Web application testing and analysis solutions. The company makes a product called WebLoad that can be configured to simulate thousands of users hitting a Web site. These “virtual clients” can look like Netscape, Internet Explorer and WebTV users. They can appear to be coming in via modems and/or high-speed lines. They can randomly process transactions or simply browse pages. The point is to test peak loads. And this goes deeper than measuring how many hits the homepage can take. It also involves stress-testing scripts and applications that handle functions such as credit card processing or database searches.

Venture Backers:

North Bridge Venture Partners

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 05/01/1998 2 Expansion 1251.0

2 07/01/1999 1 Expansion 3039.0

3 12/20/1999 4 Early Stage 6100.0


(Data in $ millions)



Total Revenues: $5.1

Net Income: -2.7