SAN MATEO, Calif., Feb. 17 /PRNewswire/ -- Eloquent, Inc. (Nasdaq: ELOQ),
a provider of Web-based rich media business communications solutions, today
announced it has completed an initial public offering of 4,500,000 shares of
its common stock at an offering price of $16.00 per share. All the shares
were offered by the Company. The Company has also granted the underwriters of
the initial public offering the option to purchase up to 675,000 additional
shares of stock to cover over-allotments.
The initial public offering is being managed by U.S. Bancorp Piper
Jaffray, Banc of America Securities LLC, and Thomas Weisel Partners LLC.
This release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sales of these securities in any State
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any State.
About Eloquent, Inc.
Eloquent is a provider of Web-based rich media business communications
solutions. Eloquent products and services quickly and effectively transfer
knowledge to large audiences over the Web using synchronized on-demand video,
audio, text and graphics. Eloquent solutions improve an organization's
ability to deploy knowledge quickly. They reduce time-to-market, increase
customer satisfaction, and enable on-demand strategic communications that
drive top-line performance-at a fraction of the cost of traditional methods.
Eloquent's full service solution offering includes Web-based player and
server software, content production facilities, content and application
hosting, and a complete professional services offering. Eloquent's open
architecture integrates easily with industry-leading technologies, enterprise
applications, and other digital content. Eloquent's worldwide customer base
includes over 1.5 million users across more than 180 companies.
For more information, please visit the company's Web site at
http://www.eloquent.com .
Eloquent and the Eloquent logo are trademarks of Eloquent, Inc. All other
trademarks are the property of their respective owner.
SOURCE Eloquent, Inc.
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Related links:
http://www.eloquent.com
CONTACT:
John Curson, Chief Financial Officer of
Eloquent, Inc., 650-294-6500, or jcurson@eloquent.com ; or Don
Markley, Investor Relations of Financial Relations Board,
415-986-1591
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