Waltham, Mass. • 781-464-7300 • www.salary.com
Exchange and Ticker: Nasdaq: SLRY
Filing Range: 4.2M shares @ $8.00 to $10.00
Offering Price: $10.50
Close on First Day: $12.50
Offering Size: $59.90M
Shares Outstanding: 15,014,577
Underwriter: Thomas Weisel Partners LLC
Co-managers: William Blair & Co./ Needham & Co. Inc./ Wachovia Securities Inc./ Pacific Crest Securities Inc.
Company Counsel: Goodwin Procter LLP
Manager Counsel: Choate, Hall & Stewart LLP
Auditor: Grant Thornton LLP
Market Capitalization on 2/28/07: $169.66M
Close price at current month end: $11.30
DESCRIPTION
Provides employee compensation data, software and services to enterprises, small businesses and individuals. The company’s software helps companies manage their compensation expenditures with real-time, decision-ready data and analytical tools. Salary.com operates an online database and search engine to track and identify salaries in different regions, as well as a self assessment service to calculate the customer’s own compensation. Company competes with HR consulting and compensation firms such as Mercer and established software vendors offering products specifically designed for compensation management or talent management.
VENTURE BACKERS
Ascendant Partners; Lyric Ventures LP
Source: Thomson Financial