Jacada Going Public

By Jim Martin

Jacada Ltd., an Atlanta-based company formerly known as CST, is going public with the announcement that it has filed a registration statement with the Securities and Exchange Commission to make an initial public offering (IPO) of ordinary shares.

Twenty-six percent of Jacada is going public. In all, a total of 4,500,000 ordinary shares will be offered at a price range of $10.00 to $12.00 per share, according to Jacada. Lehman Brothers will serve as the leading underwriter. The underwriters co-managing the offerings include CIBC World Markets and SG Cowen.

“The main reason we are going public is to that we are looking to generate capital to allow us to grow,” says Rob Morris, Director of product marketing, Jacada. “The infusion of capital will allow us to make acquisitions, increase sales and marketing initiatives and hire more employees.”

Jacada specializes in enabling businesses to leverage their existing host-centric applications to conduct business over the Web. It has customers such as Saab, Porsche, BMW, Lockheed Martin and the U.S. Air Force. Jacada also licenses its products to software vendors, such as MAPICS.