Key Developments For Metastorm, Inc
Metastorm Inc. Withdraws IPO-Reuters
Reuters reported that Metastorm Inc. withdraws its application for an initial public offering, citing market conditions. Metastorm had planned to use the estimated proceeds of $86.3 million partly to expand its marketing and sales efforts. Jefferies & Company and Oppenheimer & Co were the proposed underwriters for the Metastorm deal.
Metastorm Inc. Successfully Deploys Metastorm BPM
Metastorm Inc. announced that its has been successfully deployed by ADP Streamline, a business unit of ADP, a worldwide provider of payroll, HR and benefits administration solutions. ADP Streamline implemented Metastorm BPM to provide a platform for the Company to automate and manage the activities between ADP and its clients and partners, as well as manage the payroll process cycle.
Metastorm Inc. Files For Initial Public Offering
Metastorm Inc. announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock. The number of shares to be offered and the anticipated price range for the offering have not been determined. Jefferies & Company and Oppenheimer & Co. will act as joint book-runners and Needham & Company, JMP Securities and Craig-Hallum Capital will act as co-managers for the offering.
