CAMBRIDGE, MA (March 10, 2000) -- Excelergy Corporation announced today that it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock.
Excelergy offers leading business-to-business transaction management, customer relationship management and e-commerce solutions for the deregulating retail energy industry. The Company has designed an end-to-end suite of Internet-enabled solutions and services that allow retail energy companies to become e-businesses. The Company’s current product offerings consist of the Excelergy ABP 3000 customer relationship management and billing software, the Excelergy eXACT family of business-to-business transaction management solutions and the Excelergy e-ChoiceNet Internet-based consumer choice solution.
All of the shares are being offered for sale by Excelergy. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, as well as potential acquisitions of, or investments in, complementary businesses or technologies.
The managing underwriters of the offering are Deutsche Banc Alex. Brown, FleetBoston Robertson Stephens Inc. and Dain Raucher Wessels. When available, copies of the preliminary prospectus may be obtained from Deutsche Banc Alex. Brown, One South Street, Baltimore, MD 21202, (410) 895-2070; FleetBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA 94104, (415) 781-9700; and Dain Raucher Wessels, 60 South Sixth Street, Suite 1800, Minneapolis, MN 55402-4422, (612) 313-1200.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
CONTACT: Lori Kessler, Excelergy (617) 452-1617