IPO Press Release
Unify Corporation Public Offering
For Immediate Release
Contacts
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Letty Ledbetter
PR Manager
Unify Corporation
(408) 467-4552
letty@unify.com
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Sue Salvesen
Chief Financial Officer
Unify Corporation
(408) 467-4555
sue@unify.com
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Unify Corporation files registration statement for initial
public offering of common stock
SAN JOSE, Calif., -- June 4, 1996 -- Unify Corporation announced it
has filed with the U.S. Securities and Exchange Commission a
Registration Statement on Form S-1 relating to the sale of
2,140,000 shares of the Company's Common Stock, 1,850,000 of which
are being offered by the Company and 290,000 of which are being
offered by certain selling stockholders. In addition, the offering
anticipates the Company granting the underwriters a 321,000 share
over-allotment option. It is currently anticipated that the
initial public offering price will be between $10 and $12 per
share. Montgomery Securities, Needham & Company, Inc. and Black &
Company will act as managing underwriters.
Net proceeds of the proposed sale, which is anticipated to commence
in June, will be used for working capital and general corporate
purposes. A copy of the prospectus relating to the offering may be
obtained from Montgomery Securities, 600 Montgomery Street, San
Francisco, CA, 94111, Needham & Company, Inc., 445 Park Avenue, New
York, NY, 10022 or from Black & Company, One SW Columbia, Portland,
OR, 97258.
Headquartered in San Jose, Calif., Unify Corporation develops,
markets and supports advanced client/server application development
tools and database management software products.
A Registration Statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the Registration Statement
becomes effective. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities law of any such State.
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About Unify Corporation
Unify is a leading provider of advanced second-generation
application development tools for building and managing enterprise
applications. Unify s flagship product, Unify VISION , combines
the flexibility and ease-of use of graphical client/server with the
capability and performance requirements of enterprise-level
applications. VISION provides an automated graphical rapid
application development environment, advanced application
partitioning, and integrated application management
capabilities.
Headquartered in San Jose, California, Unify has direct sales
offices throughout North America, Europe, and Japan, with a network
of distributors, VARs, OEMs and systems integrators worldwide.
Unify s products include Unify VISION, ACCELL/SQL , and Unify
DataServer family of products. Unify has over 350,000 users
worldwide, including leaders in telecommunications, financial
services, commercial industries, and government.
# # #
IPO Press Release
Copyright 1995, 1996 Unify Corporation. All rights reserved.
Last Revised: 17-Jul-1996
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Unify Corporation, World Headquarters: 181 Metro Drive, 3rd Floor,
San Jose, CA 95110 USA Phone: (408) 467-4500 Fax: (408) 467-4511