Mission Critical Software Inc. Announces Follow-on Offering
BusinessWire, Thursday, November 11, 1999 at 09:41
HOUSTON--(BUSINESS WIRE)--Nov. 11, 1999--Mission Critical
Software Inc. (NASDAQ:MCSW), today announced that it has completed a
public offering of 4,000,000 shares of common stock at a public
offering price of $57 per share. Of the 4,000,000 shares of common
stock being offered, the company is selling 1,500,000 shares and
selling stockholders are selling 2,500,000 shares. The company may
sell an additional 600,000 shares in the offering, pursuant to an
over-allotment option granted to the underwriters of the offering.
Mission Critical Software will not receive any of the proceeds from
the sale of the shares by the selling stockholders.
The follow-on public offering is being underwritten by Hambrecht
& Quist, Robertson Stephens, SoundView Technology Group and Dain
Rauscher Wessels, a division of Dain Rauscher Incorporated.
Headquartered in Houston, Texas, Mission Critical Software Inc.
provides administration and operations management software products
for corporate and Internet-based Windows NT networks. Mission Critical
Software's OnePoint product suite is designed to improve the security,
availability and performance of the most complex computing
environments by simplifying and automating key systems management
functions.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offer is made only by the prospectus, a copy of which may be
obtained from the offices of Hambrecht & Quist, One Bush Street, San
Francisco, CA 94104; Robertson Stephens, 555 California Street, Suite
2600, San Francisco, CA 94104; SoundView Technology Group Inc. 22
Gatehouse Road, Stamford, CT 06902; or Dain Rauscher Wessels, a
division of Dain Rauscher Incorporated 60 South Sixth Street,
Minneapolis, MN 55402-4422.
CONTACT: Mission Critical Software Inc., Houston
Steve Odom, 713/548-1829
steve.odom@missioncritical.com
or
Susan Torrey, 713/548-1863
investor@missioncritical.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS SOFTWARE
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Companies or Securities discussed in this article:
Symbol Name
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