IPO FILING: Metastorm Inc. (MSTM)

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A company called Metastorm, Inc. has just filed with the SEC to come public via an initial public offering.  It will take the proposed ticked on NASDAQ of "MSTM."

It has filed to sell up to $86.25 million, although that is for filing purposes only and may change by the IPO.  The two lead managers are Jefferies and Oppenheimer, and co-managers are listed as Needham & Company, JMP Securities, and Craig-Hallum Capital Group.

Metastorm is an enterprise architecture modeling, business process analysis and business process management software, which sells as the Metastorm Enterpriseā„¢.  It enables customers to understand, analyze, automate and improve their business processes. 

As of December 31, 2007, it had approximately 1,150 customers in 37 countries, including 39 of the Fortune 100 companies, in areas such as business services, financial services, government, healthcare, manufacturing and retail.  In the fiscal year ended December 31, 2007, it generated approximately $59.7 million in total revenues, with 70% of revenues generated in North America and 30% generated in other countries.  Revenues were approximately $42.1 million in 2006, representing a growth rate of 42% and from approximately $25.3 million in 2005.

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Jon C. Ogg
May 12, 2008