Legato Systems Inc. files registration statement for initial public offering.
PALO ALTO, Calif.--(BUSINESS WIRE)--May 9, 1995--Legato Systems Inc. ("Legato" or the "Company"; proposed NASDAQ: LGTO) announced today that it has filed with the Securities and Exchange Commission for an initial public offering of 2,000,000 shares of its common stock.
The offering price is expected to be between $15 and $17 per share. All of the 2,000,000 shares are being offered by the company. The offering will be managed by Robertson, Stephens & Co. L.P., Hambrecht & Quist LLC, and Punk, Ziegel & Knoell L.P.
Legato develops, markets and supports network storage management software products for heterogeneous client/server computing environments. The company's NetWorker software supports many storage management server platforms and can accommodate a variety of clients, servers and storage devices. The company utilizes multiple distribution channels, including resellers, original equipment manufacturers and direct sales, as part of the company's strategy to achieve comprehensive coverage in the market. Selected end users of NetWorker include Boeing, Ericsson Telecom, Lehman Brothers, Oracle, Shell Oil, 3Com, United Parcel Service, U.S. Navy and Xerox.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.
Copies of the preliminary prospectus relating to the offering may be obtained from Robertson, Stephens & Co. L.P., 555 California Street, Suite 2600, San Francisco, Calif. 94104, 415/781-9700; Hambrecht & Quist LLC, One Bush Street, San Francisco, Calif., 94104, 415/576-3300; or Punk, Ziegel & Knoell L.P., 520 Madison Ave., New York, NY 10022, 212/308-9494.
CONTACT: Legato Systems Inc.
Gary L. Thompson, 415/812-6000
