For Release 7 a.m. CDT
August 5, 1999
Mission Critical Software, Inc. Announces Initial Public Offering Of Common Stock
HOUSTON, August 5, 1999 - Mission Critical Software Inc., (Nasdaq: MCSW), today announced the initial public offering of 3,750,000 shares of Common Stock at an initial public offering price of $16 per share. Of the 3,750,000 shares of Common Stock being offered, the company is selling 2,750,000 shares and selling stockholders are selling 1,000,000 shares. In addition, the underwriters will have a 30-day option to purchase up to 562,500 additional shares of Common Stock from selling stockholders solely to cover over-allotments, if any. Mission Critical Software will not receive any of the proceeds from the sale of the shares by the selling stockholders. The shares are being offered through underwriters led by Hambrecht & Quist, BancBoston Robertson Stephens, SoundView Technology Group and Charles Schwab & Co. Inc.
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, reliability 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; BancBoston Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104; SoundView Technology Group, Inc. 22 Gatehouse Road, Stamford, CT 06902; or Charles Schwab & Co., Inc, 101 Montgomery, San Francisco, CA 94104.
Contact:
Steve Odom, Chief Financial Officer, 713.548.1829, steve.odom@missioncritical.com
Susan Torrey, Investor Relations/Media Relations, 713.548.1863, investor@missioncritical.com.
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