Fremont, Calif.
Went public on 9/29/2000 at $9 per share
Filing Range: 7 mil. shares @ $9 to $11
Shares Outstanding: 45.326 mil. shares
Underwriters: Credit Suisse First Boston/Chase H&Q/U.S. Bancorp
Piper Jaffray
Company Counsel: Venture Law Group
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: Deloitte & Touche LLP
The Company:
Develops proprietary GPS and wireless technologies. The company provides solutions for business fleet tracking and management. The company focuses on Internet-based services for companies with a mobile workforce. Provides productivity services for companies with a mobile workforce.
Venture Backers:
ABS Capital Partners
Admiral Capital Enterprises
Institutional Venture Partners
U.S. Venture Partners
Intel Corp.
Galleon Management Inc.
WI Harper Group
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 01/01/1997 1 Early Stage 2475.0
2 09/01/1998 3 Early Stage 5996.0
3 06/11/1999 5 Expansion 23200.0
4 01/01/2000 4 Later Stage 19000.0
5 07/17/2000 4 Later Stage 21000.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $0.9
Net Income: -13.5