Software IPO: SoundBite Communications

There is one software IPO on deck for this week: SoundBite Communications (SDBT), a leading provider of on-demand automated voice messaging solutions.

All quotations are from the company's' most recent S-1 filings with links provided.

SOUNDBITE COMMUNICATIONS (SDBT)

Business Overview (from prospectus)

SoundBite Communications is a leading provider of on-demand automated voice messaging, or AVM, solutions. Using a web browser, organizations can employ our service to initiate and manage customer contact campaigns for a variety of collections, customer care and marketing processes. Our service is designed to help organizations increase revenue, enhance customer service and retention, and secure payments by improving their customer contact processes. Our service is designed to improve a contact center’s efficiency by increasing the productivity of contact center agents and facilitating the use of “agentless” transactions.

Offering: 6.0 million shares at $12.00 - $14.00 per share. Net proceeds of approximately $54.8 million will be used to repay debt, for working capital and for general corporate purposes.

Lead Underwriters: Cowen & Company, Thomas Weisel

Financial Highlights:

In 2006, revenue increased $12,621,000 to $29,069,000 from $16,448,000 in 2005... Cost of revenues increased $4,538,000 to $9,505,000 in 2006 from $4,967,000 in 2005... Operating expenses increased $9,239,000 to $19,445,000 in 2006 from $10,207,000 in 2005.

Additional Resources:

• Company website
• AP: IPO Spotlight: 'SoundBite Communications'
• AP: 'Last minute patent infringement claim complicates SoundBite Communications' planned IPO'