Palo Alto, Calif.
Went public on 7/19/2000 at $14 per share
Filing Range: 4.25 mil. shares @ $11 to $13
Shares Outstanding: 33.4 mil. shares
Underwriters: Credit Suisse First Boston/Chase H&Q/Bear, Stearns & Co./Wit Soundview Group Inc.
Company Counsel: Pillsbury Madison & Sutro
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: Ernst & Young LLP
The Company:
Provides help desk professionals with services to allow immediate diagnosis and repair of software failures with the push of a button. The company’s e-support solution enables a wide variety of support providers, such as Enterprise IT, PC OEMs, ISPs, and ASPs to support any computing user automatically and via the Web.
Venture Backers:
Softbank Venture Capital
Bowman Capital
Accel Partners
Attractor Investment Management
Sippl Macdonald Ventures I LP
Granite Ventures LLC
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 01/01/1998 1 Early Stage 5000.0
2 06/25/1998 1 Early Stage 2025.0
3 06/01/1999 8 Expansion 15200.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $3.3
Net Income: -14.3