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FIRM to Prepare for Public Listing at Oslo Stock Exchange (OSE)
Article Editor: Christopher Laird Simmons
NEW YORK, NY - October 29, 2004 /Send2Press Newswire/ -- FIRM, the world's leading provider of online survey and reporting software, today announced its plan to start the process of preparing the company for a listing on the Oslo Stock Exchange (OSE). The Initial Public Offering (IPO) is expected to take place in 2005, though the timing will be dependent on prevailing market conditions.
- FIRM experienced strong revenue growth and generated revenue of $8.5 million in the first 9 months of 2004, an increase of 35 per cent from $6.3 million for the first 9 months of 2003. Full year revenue for 2003 was $ 9.7 million; where 17 percent came from Scandinavia and 83 percent from USA, Europe (outside Scandinavia) and Asia.
- FIRM's EBITDA result was $67,000 in the third quarter 2004 with revenue of $8.5 million YTD. Revenue growth for the third quarter 2004 was 38 percent relative to the third quarter 2003.
"We want to take advantage of the momentum FIRM is currently experiencing. The market conditions for funding of FIRM's further expansion through public listing are considered attractive," says FIRM's CEO, Stein Onsrud.
FIRM has chosen Carnegie as the lead manager for its planned IPO.
About FIRM
FIRM is the world's leading provider of online survey and reporting software. The company's state of the art Web-based software, Confirmit, is used for customer satisfaction surveys and employee satisfaction surveys as well as market research surveys. Results from these studies are instantly made available for key decision makers through Confirmit's bespoken report platform, Reportal.
Confirmit is used by some of the largest market research agencies in addition to Global 1000 companies. Customers include Accenture, AC Nielsen, Crown Castle, Deloitte & Touche, Dow Jones, Egg, Freeserve, Greenfield Online, Hewlett-Packard, Microsoft, Mori, and The NPD Group
FIRM is headquartered in Oslo and has offices in London, New York and San Francisco. In addition, Confirmit is distributed through partner resellers in Stockholm, Amsterdam, Sydney and Tokyo.
For further information regarding FIRM and Confirmit, please see www.confirmit.com.
All trademarks acknowledged.
Organization Website:
www.confirmit.com
Source of News:
Future Information Research Management (FIRM)
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