alarm:clock: ASP Archives

ASP - Wednesday, August 8, 2007

HireRight Shares Dip In IPO Opener

Thumb HireRight (HIRE.O) shares opened at $15 per share but have fallen over 6% so far to around $14. This after it had priced at the low end of its proposed $15-$17 range.The company surely wishes that it had done the IPO last month when general market conditions were more favorable. Irvine, CA-based HireRight does applicant background checks and drug screening for employers. For the three months ended March 31, HireRight reported earnings of $153K after paying preferred dividends, on total sales of $16M. Credit Suisse Securities, Robert W. Baird, CIBC World Markets, Piper Jaffray and William Blair are underwriters for the IPO. HireRight's shares are listed on the Nasdaq Stock Market under the symbol "HIRE."... Continue...

ASP - Tuesday, June 19, 2007

Summit Takes Minority Position In Email Outsourcing's LiveOffice

Thumb Summit Partners has acquired a minority stake in LiveOffice, a Torrance, CA–based vendor of managed messaging security, archiving, and compliance solutions. No financial terms were disclosed. LiveOffice hosts email and IM archiving, anti-spam, antivirus, compliance, and eDiscovery solutions for businesses. LiveOffice also helps organizations comply with statutory, regulatory, legal and industry-specific mandates. Founded in 1998, LiveOffice serves a premier roster of clients including Fortune 500 companies and processes and protects millions of messages each day. LiveOffice charges about $50 per seat per month. View - site... Continue...

ASP - Thursday, May 10, 2007

WebCollege Builds Manufacturer Marketing Portals

Thumb WebCollage is a New York-based ASP that does online merchandising networks to some huge manufacturers and their partners. Its a data integration business, so not very saucy on the tech side, but the company has won some nice big clients including Microsoft, Walmart, Kodak, Palm and others. It has just raised around $3.59M in Series E funding, according to PEHub. Backers include Sierra Ventures, Cedar Ventures and Gilde Investment Management. The company has raised over $36M in total VC funding since 2000. View - site... Continue...

alarm:clock

HireRight Shares Dip In IPO Opener

Summit Takes Minority Position In Email Outsourcing's LiveOffice

WebCollege Builds Manufacturer Marketing Portals

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