Technology Industry
Industry: Email Alert RSS FeedSSA plans $200m IPO
Rethink IT, July, 2004
Software house SSA Global Technologies seeks to raise up to $200m in an IPO, according to a filing with the SEC.
The Chicago-based maker of business management software intends to use the proceeds of its stock offering to repay debt and to fund acquisitions and general operations, the filing states.
SSA Global earned $51.9m in net profits on $297.4m in revenue in the last fiscal year.
It has grown mainly through acquisition recently, notably last year's purchase of Dutch ERP house Baan.
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Salesforce.com and RightNow Technologies, which offer hosted software solutions, are also planning IPOs this year.
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