Thursday, September 27, 2007

SoundBite Files to Raise Estimated Max $97 Million in IPO - Bedford, MA

SoundBite Communications, a Bedford-based provider of automated voice messaging technology, has filed with the Securities and Exchange Commission for its initial public offering of stock to raise an estimated maximum of about $97 million. The company plans to sell 6.9 million shares priced at between $14 and $16 per share. SoundBite's web-based software allows organizations to initiate and manage customer contact campaigns for a variety of collections, customer care and marketing processes. The company's revenue increased from $2.5 million in 2002 to $29.1 million in 2006. It had a net loss of $411,000 in the first six months of 2007 and $324,000 for the same period in 2006.


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