Went public 8/1/2000 at $20 per share
Filing Range: 4.75 mil. shares @ $17 to $19
Shares Outstanding: 29 mil. shares
Underwriters: Chase H&Q/J.P. Morgan & Co. Inc./U.S. Bancorp Piper
Company Counsel: Mintz Levin Cohn Ferris Glovsky & Popeo
Manager Counsel: Hale & Dorr LLP
Auditor: Pricewaterhouse Coopers LLP
Develops speech recognition software designed for telephone and Internet transaction services. ALTech enables people to talk to computers over the telephone in a natural way. Currently, the company offers systems in 10 languages. The company targets the brokerage, banking, travel and telecommunications industries.
BA Venture Partners
Charles River Ventures
Riggs Capital Partners
America Online Inc.
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 08/01/1995 2 Early Stage 2000.0
2 10/01/1996 3 Later Stage 4200.0
3 02/17/1997 5 Later Stage 6700.0
4 04/01/1998 4 Expansion 5000.0
5 06/29/1999 7 Later Stage 24000.2
6 07/06/2000 3 Expansion 5000.0
(Data in $ millions)
Total Revenues: $14.0
Net Income: -15.5