RealTime IT News

Vignette Secures $13.5 Million in Financing, Files for IPO

Austin, TX-based Vignette Corp. has secured $8.5 million in a private equity financing lead by Partech International, and said it plans an IPO.

This latest round of private financing also includes investments from funds affiliated with Amerindo Investment Advisors Inc., Attractor Investment Management Inc., JGE Capital Management, Morgan Stanley Dean Witter and Olympus Partners. In addition, the company said it secured $5 million in borrowing capacity from Comdisco Inc.

The stock offering, a portion of which will be sold by current stockholders, will be lead-managed by Morgan Stanley Dean Witter and co-managed by Hambrecht & Quist and Dain Rauscher Wessels.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective.

Vignette markets Internet Relationship Management software products and services, and provides enterprise solutions for companies that are building businesses online.

Products and services include StoryServer 4 and the company's recently announced Vignette Syndication Server (VSS), both designed to allow businesses to use the Web as a new channel for customer acquisition and retention.

More than 160 companies, including National Semiconductor, PNC Bank, Bay Networks, CNET and Ziff-Davis' ZDNet use StoryServer to serve a combined 30 million page views per day.