Thursday, May 13, 2004
Callwave Files For IPO
Santa Barbara-based Callwave (www.callwave.com) has filed for an IPO to raise up to $69M. Callwave provides software-based services which allow customers to bridge calls between wireless, home, and PCs. According to the company's IPO filing, the company now has over 780,000 paying subscribers, and earned $1.6M on revenues of $22M in 2003. The IPO is being underwritten by Deutsche Bank, Piper Jaffray, First Albany Capital, and WR Hambrecht & Co. Callwave is backed by Insight Venture Associates, New Millenium Partners, Delphi Ventures, and others.