Waltham, Mass.
Went public 9/19/2000 at $8 per share
Filing Range: 4.0 mil. shares @ $10 to $12
Shares Outstanding: 22.0 mil. shares
Underwriters: Chase H&Q/Salomon Smith Barney/Dain Rauscher
Wessels
Company Counsel: Testa Hurwitz & Thibeault
Manager Counsel: Brobeck Phleger & Harrison LLP
Auditor: Kost Forer & Gabbay
The Company:
Develops and installs application software to automate all aspects of aiding service technicians in the field, concentrating on high-technology companies. One of RTS’ main applications is ContractFirst, which assists users in setting up service-level agreements with their clients. The company has four other applications that include spare parts management, problem solving, repair center operations and remote access management.
Venture Backers:
GE Equity
Newbury Ventures
Advanced Technology Ventures
Star-Ventures Management GmbH
Bessemer Venture Partners
Chase H&Q
Applied Technology
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 10/01/1996 4 Early Stage 5000.0
2 04/01/1998 6 Expansion 12500.0
3 06/11/1999 4 Later Stage 10000.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $15.8
Net Income: -20.0