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To: stockman_scott who wrote (411)	3/27/2010 8:36:46 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 1685

Another on-demand company, SciQuest, Inc., has filed an S-1. The company “provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services.” SciQuest was publicly traded until 2004, when it was taken private by Trinity Ventures in a $25,250,000 transaction. Company website SEC filings From the company’s S-1, filed March 26, 2009: “SciQuest provides a leading on-demand strategic procurement and supplier enablement solution that integrates customers with their suppliers to improve procurement of indirect goods and services. Our on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. Using our managed SciQuest Supplier Network, our customers do business with more than 30,000 unique suppliers and spend billions of dollars annually. Our current target markets are higher education, life sciences, healthcare and state and local governments. We tailor our solution for each of the vertical markets we serve by offering industry-specific functionality, content and supplier connections. We serve more than 160 customers operating in 16 countries and offer our solution in five languages and 22 currencies. Our value proposition has led to an average annual customer renewal rate of over 94% over the last three years. On a dollar basis, our annual renewal rate has been 106% over this same time period solely as a result of pricing increases at the time of renewal. We believe our renewal rates are among the highest for on-demand model companies.” Underwriters: William Blair, JMP Securities, Thomas Weisel Partners LLC and Pacific Crest Securities Estimated (preliminary) gross proceeds: $75 million Proposed stock symbol: SQI Revenues Year ending December 31, 2009: $36,179,000 Year ending December 31, 2008: $29,784,000 Year ending December 31, 2007: $20,107,000 Operating profits (loss) Year ending December 31, 2009: $2,581,000 Year ending December 31, 2008: $985,000 Year ending December 31, 2007: ($5,118,000) Net profit (loss) Year ending December 31, 2009: $33,000 Year ending December 31, 2008: ($1,278,000) Year ending December 31, 2007: ($7,207,000)

To: stockman_scott who wrote (411)	3/30/2010 9:25:27 PM
From: Glenn Petersen	Respond to of 1685

This legislative proposal would have a significant impact on the security of data stored in the cloud: Technology Coalition Seeks Stronger Privacy Laws By MIGUEL HELFT New York Times March 30, 2010 SAN FRANCISCO — A broad coalition of technology companies, including AT&T, Google and Microsoft, and advocacy groups from across the political spectrum said Tuesday that it would push Congress to strengthen online privacy laws to protect private digital information from government access. The group, calling itself the Digital Due Process coalition, said it wanted to ensure that as millions of people moved private documents from their filing cabinets and personal computers to the Web, those documents remained protected from easy access by law enforcement and other government authorities. The coalition, which includes the American Civil Liberties Union, the Electronic Frontier Foundation and the Center for Democracy and Technology, wants law enforcement agencies to use a search warrant approved by a judge or a magistrate rather than rely on a simple subpoena from a prosecutor to obtain a citizen’s online data. The group also said that it wanted to safeguard location-based information collected by cellphone companies and applications providers. Members of the group said that they would lobby Congress for an update to the current law, the Electronic Communications Privacy Act, which was written in 1986, nearly a decade before Internet use became mainstream. They acknowledged that some proposals were likely to face resistance from law enforcement agencies and the Obama administration. Under a proposed set of principles, law enforcement agencies or other government representatives would have to obtain a search warrant based on a showing of probable cause before they could obtain a person’s e-mail, photos or other electronic documents stored in a service like Gmail, Flickr or Facebook. Under current law, much of that information is accessible through a simple subpoena, which can be issued under looser rules. Obtaining access to information about where people are located or the places they have visited would be protected under the same standard. Currently, courts are divided on whether access to location information requires a warrant or a subpoena. Advocates of the changes said that the new rules were merely intended to ensure that protections that Americans have enjoyed in the past remain in place as technology evolves. “The U.S. Constitution protects data in your home and on your PC very strongly,” said Mike Hintze, an associate general counsel at Microsoft. “We don’t believe that the balance between privacy and law enforcement should be fundamentally turned on its head,” Mr. Hintze added, simply because people now choose to store documents online rather than in their homes. Members of the coalition acknowledged they would probably face resistance. This year, Justice Department lawyers argued in court that cellphone users had given up the expectation of privacy about their location by voluntarily giving that information to carriers. The coalition said it expected a long debate before Congress agrees to change the law. “We are not expecting that these will be enacted this year,” said Jim Dempsey, vice president for public policy at the Center for Democracy and Technology. “But it is time to begin the dialog.” Senator Patrick J. Leahy, Democrat of Vermont, said he welcomed the work of the coalition and planned to hold hearings on the issue. “While the question of how best to balance privacy and security in the 21st century has no simple answer, what is clear is that our federal electronic privacy laws are woefully outdated,” he said in a statement. The coalition said that the new principles would not affect the access of private digital information for national security purposes. And they would not affect the use of personal information for commercial purposes, like marketing, a mounting source of concern among users. Some privacy advocates welcomed the proposals but said that they hoped that Congress would consider broader protections. “We also need some consumer protections against private data being reused for commercial purposes,” said Marc Rotenberg, executive director of the Electronic Privacy Information Center. While some earlier coalitions between industry and advocacy groups have failed in their efforts to promote changes in privacy law, Digital Due Process is remarkable for its breadth. While it includes groups often affiliated with left-leaning causes, like the A.C.L.U. and the Electronic Frontier Foundation, it also has libertarian groups like the Progress and Freedom Foundation and the Competitive Enterprise Institute. The coalition includes rivals, like Google and AT&T, and court adversaries. The Electronic Frontier Foundation, for example, is involved in longstanding class-action lawsuit against AT&T over the company’s participation in a plan by the National Security Agency to monitor the private communications of consumers. Kevin Bankston, a senior staff attorney with the Electronic Frontier Foundation, said that members of the coalition disagreed on several issues, but he added, “We can all agree that this area of the law needs to be updated to reflect changes in technology.” nytimes.com

To: stockman_scott who wrote (411)	4/12/2010 7:24:07 AM
From: Glenn Petersen	1 Recommendation Read Replies (2) \| Respond to of 1685

Another on-demand company,IntraLinks Holdings, Inc., has filed an S-1. The company delivers mission-critical on-demand technology solutions to clients across many industries that exchange critical information safely, guide collaboration regardless of location, organize and protect documentation and standardize business processes. IntraLinks Holdings website IntraLinks Holdings SEC filings From the company’s S-1, filed April 12, 2010: IntraLinks is a leading global provider of Software-as-a-Service (“SaaS”) solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. Our cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment. Our customers rely on our cost-effective solutions to manage large amounts of electronic information, accelerate information-intensive business processes, reduce time to market, optimize critical information workflow, meet regulatory and risk management requirements, and collaborate with business counterparties in a secure, auditable and compliant manner. We help our customers eliminate the inherent risks and inefficiencies of email, fax, courier services and other existing solutions to collaborate and exchange information. At our founding in 1996, we introduced cloud-based collaboration for the debt capital markets industry and, shortly thereafter, extended our solutions to merger and acquisition transactions. Today, enterprises and governmental agencies of all sizes across a variety of industries, including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, use our solutions for the secure management and online exchange of information within and among organizations. Across all of our principal markets, we help transform a wide range of slow, expensive and information-intensive tasks into streamlined, efficient and real-time business processes. Underwriters: Morgan Stanley, Deutsche Bank Securities and Credit Suisse Estimated (preliminary) gross proceeds: $150 million Proposed stock symbol: Unknown Long term debt at December 31, 2009: $290,513,000 Revenues Year ending December 31, 2009: $140,699,000 Year ending December 31, 2008: $143,401,000 Year ending December 31, 2007: $122,714,000 Operating profits (loss) Year ending December 31, 2009: ($3,352,000) Year ending December 31, 2008: ($9,688,000) Year ending December 31, 2007: ($11,525,000) Net profit (loss) Year ending December 31, 2009: ($24,771,000) Year ending December 31, 2008: ($24,598,000) Year ending December 31, 2007: ($16,827,000)