News – MatrixOne Signs Deal with GE Equity

MatrixOne Inc., which filed to go public on Jan. 21, 2000, will place 450,000 common shares with GE Capital Equity Investments in a private placement to be executed concurrently with the public sale, according to a Securities and Exchange Commission filing.

The private placement will raise approximately $5.85 million based on an assumed initial public offering price of $13 per share.

The company filed to sell five million shares of common stock to the public through underwriters Goldman Sachs & Co., Dain Rauscher Wessels, Wit Capital, SoundView Technology Group and U.S. Bancorp Piper Jaffray at $12 to $14 per share.

Proceeds from both offerings will be used for working capital and to acquire or invest in complementary businesses, products or technologies.

The company previously raised funds through private placements of preferred stock to William Blair Capital Partners V LP, Gilde IT Fund, and Morgan, Holland Fund LP, which own 30%, 11% and 8.4% of the company, respectively.

The Chelmsford, Mass.-based company is a provider of business collaboration software that facilitates collaboration among different departments and geographic locations of global organizations.

The company reported revenue of $30.048 million for the six months ended Jan. 1, 2000.