You are viewing a free limited preview of Aspect SoftwareAspect Software has been acquired by a public company.
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Founded in 1973, Aspect Software is a privately-held software developer specializing in designing technologies specifically targeted at the customer service field. Formed as a merger between Aspect Communications and Concerto Software, Aspect is headquartered in Chelmsford, Massachusetts.
| Year Founded: | 1973 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Chelmsford |
| State/Province: | Massachusetts |
| Country: | United States |
| Website: | www.aspect.com |
| Technology > Software > Communication And Networking Software |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
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$99 Single Company AccessInstant Full Site-Wide Access| Income Statement | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
| Sales Revenue, Gross - Services | $247,922,000 | $249,406,000 | $247,433,000 | $261,948,000 | ||
| Sales Revenue, Net - Services | $247,922,000 | $249,406,000 | $247,433,000 | $261,948,000 | $254,736,000 | $205,943,000 |
| Revenue from Licenses | $209,497,000 | $74,789,000 | ||||
| Revenue from Computer Software or Software Services | $74,062,000 | $71,461,000 | $82,837,000 | $106,531,000 | ||
| Revenue from Computer Hardware | $48,453,000 | $42,981,000 | $65,791,000 | $77,294,000 | ||
| Other Operating Revenue | $125,073,000 | $207,553,000 | ||||
| Revenues | $370,437,000 | $363,848,000 | $396,061,000 | $445,773,000 | $589,306,000 | $488,285,000 |
| Cost of Goods Sold - Other | $100,347,000 | $84,992,000 | ||||
| Cost of Services | $103,204,000 | $102,132,000 | $127,670,000 | $150,959,000 | $166,323,000 | $150,178,000 |
| Computer Hardware Costs | $33,739,000 | $37,493,000 | $55,877,000 | $73,980,000 | ||
| Direct Taxes and Licenses Costs | $11,613,000 | $15,424,000 | $57,471,000 | $13,721,000 | $17,555,000 | $7,999,000 |
| Cost of Goods and Services Sold | $148,556,000 | $155,049,000 | $241,018,000 | $238,660,000 | $284,225,000 | $243,169,000 |
| Gross Profit | $221,881,000 | $208,799,000 | $155,043,000 | $207,113,000 | $305,081,000 | $245,116,000 |
| Selling, General and Administrative Expenses | $109,894,000 | $106,497,000 | $150,726,000 | $224,532,000 | $235,457,000 | $199,050,000 |
| In - Process Research and Development | $5,018,000 | $0 | ||||
| Research and Development Expense (Excluding In - Process) | $44,467,000 | $49,250,000 | $56,844,000 | $96,003,000 | $109,427,000 | $86,890,000 |
| Restructuring Charges | $0 | $3,814,000 | $22,404,000 | $43,951,000 | $0 | $0 |
| Total Operating Expenses excluding costs | $154,361,000 | $159,561,000 | $229,974,000 | $364,486,000 | $349,902,000 | $285,940,000 |
| Operating Income/(Loss) | $67,520,000 | $49,238,000 | ($74,931,000) | ($157,373,000) | ($44,821,000) | ($40,824,000) |
| Interest Expense | $1,547,000 | $7,142,000 | $11,807,000 | $10,804,000 | $9,629,000 | $11,043,000 |
| Interest Income | $3,790,000 | $3,142,000 | $3,862,000 | $5,556,000 | $10,784,000 | $8,877,000 |
| Non-operating Expense - Other | $993,000 | $665,000 | $1,421,000 | |||
| Non-operating Income/(Expense) - Other | $1,873,000 | $19,068,000 | ||||
| Income/(Loss) from Continuing Operations Before Income Taxes | $68,770,000 | $44,573,000 | ($84,297,000) | ($160,748,000) | ($24,598,000) | ($42,990,000) |
| Provision for Income Taxes | $7,513,000 | $7,071,000 | ($27,429,000) | ($4,498,000) | $12,690,000 | ($13,056,000) |
| Income/(Loss) Before Cumulative Effect of Change in Accounting Principle | $61,257,000 | $37,502,000 | ($56,868,000) | ($156,250,000) | ($37,288,000) | |
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | $0 | ($777,000) | ($51,431,000) | $0 | $0 | |
| Net Income (Loss) | $61,257,000 | $36,725,000 | ($108,299,000) | ($156,250,000) | ($37,288,000) | ($29,934,000) |
| Preferred Stock Dividends | $7,351,000 | $6,389,000 | $0 | $0 | ||
| Other Preferred Stock Dividends and Adjustments | $1,457,000 | $1,311,000 | $0 | $0 | ||
| Net Income Applicable to Common Stockholders | $52,449,000 | $29,025,000 | ($108,299,000) | ($156,250,000) |
| Balance Sheet | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Cash and Cash Equivalents | $89,250,000 | $75,653,000 | $66,051,000 | $72,564,000 | $84,544,000 | $84,826,000 | $67,071,000 |
| Current Marketable Securities | $9,545,000 | $86,139,000 | |||||
| Other Short-Term Investments - Cost | $86,869,000 | $167,840,000 | |||||
| Short-Term Investments | $113,381,000 | $88,339,000 | $80,049,000 | $62,585,000 | $129,040,000 | ||
| Net Accounts Receivable Trade | $49,163,000 | $39,561,000 | $51,145,000 | $79,463,000 | $133,805,000 | $77,138,000 | $132,818,000 |
| Net Inventories | $3,340,000 | $6,176,000 | $6,839,000 | $12,044,000 | $19,940,000 | $16,636,000 | $18,916,000 |
| Current Other Assets | $13,138,000 | $19,145,000 | $13,664,000 | $23,360,000 | $26,925,000 | $17,475,000 | $14,820,000 |
| Current Assets | $268,272,000 | $228,874,000 | $217,748,000 | $250,016,000 | $361,628,000 | $450,054,000 | $362,665,000 |
| Net Property, Plant and Equipment | $62,494,000 | $68,599,000 | $86,528,000 | $111,319,000 | $108,289,000 | $79,397,000 | $69,192,000 |
| Goodwill | $2,707,000 | $2,707,000 | $2,707,000 | $54,138,000 | |||
| Intangible Assets (Excluding Goodwill) | $2,308,000 | $5,223,000 | $9,790,000 | $61,231,000 | |||
| Net Intangible Assets | $146,394,000 | $98,711,000 | $119,052,000 | ||||
| Noncurrent Other Assets | $4,723,000 | $5,182,000 | $8,949,000 | $18,334,000 | $15,625,000 | $8,050,000 | $9,750,000 |
| Assets | $340,504,000 | $310,585,000 | $325,722,000 | $495,038,000 | $631,936,000 | $636,212,000 | $560,659,000 |
| Accounts Payable | $7,491,000 | $4,936,000 | $6,798,000 | $5,988,000 | $33,553,000 | $14,525,000 | $18,239,000 |
| Accrued Expenses - Other | $61,954,000 | $64,790,000 | $67,370,000 | $70,378,000 | $66,598,000 | $59,437,000 | $38,029,000 |
| Employee Related Liabilities | $19,252,000 | $17,773,000 | $16,051,000 | $18,916,000 | $28,483,000 | $25,866,000 | $21,049,000 |
| Current Deferred/(Unearned) Revenue | $48,003,000 | $50,200,000 | $30,220,000 | $29,776,000 | $45,041,000 | $36,964,000 | |
| Current Customer Advances and Deposits | $27,171,000 | ||||||
| Short-Term Borrowings - Other | $150,000 | $1,732,000 | $7,186,000 | $17,851,000 | $499,000 | ||
| Current Subordinated Debt | $124,983,000 | $0 | |||||
| Current Liabilities | $136,850,000 | $139,431,000 | $252,608,000 | $142,909,000 | $174,174,000 | $136,792,000 | $104,488,000 |
| Convertible Debt | $183,577,000 | $173,041,000 | $163,107,000 | $153,744,000 | |||
| Other Long Term Debt | $25,790,000 | $852,000 | |||||
| Long-Term Debt | $155,000 | $39,436,000 | $41,243,000 | ||||
| Deferred Tax Liability | $3,944,000 | $3,394,000 | $5,114,000 | $4,270,000 | |||
| Noncurrent Other Liabilities | $5,793,000 | $11,021,000 | $10,174,000 | $13,324,000 | $0 | ||
| Liabilities | $142,798,000 | $189,888,000 | $304,025,000 | ||||
| Redeemable Convertible Preferred Stock Obligations | $42,490,000 | $33,681,000 | $0 | ||||
| Preferred Stock - Value (Excluding Additional Paid in Capital) | $0 | $0 | $0 | $0 | |||
| Common Stock - Value (Excluding Additional Paid in Capital) | $604,000 | $570,000 | $530,000 | $519,000 | $190,947,000 | $155,277,000 | $142,132,000 |
| Additional Paid in Capital | $250,391,000 | $232,199,000 | $197,747,000 | $195,144,000 | |||
| Retained Earnings | ($93,852,000) | ($146,301,000) | ($175,326,000) | ($67,027,000) | $89,223,000 | $127,594,000 | $156,445,000 |
| Other Accumulated Comprehensive Income, Net of Tax Effect | ($1,644,000) | $548,000 | ($873,000) | ($1,995,000) | $2,726,000 | $48,328,000 | ($420,000) |
| Deferred Compensation | $283,000 | $0 | $381,000 | $1,147,000 | $2,421,000 | $0 | |
| Stockholders' Equity | $155,216,000 | $87,016,000 | $21,697,000 | $125,494,000 | $280,475,000 | $331,199,000 | $298,157,000 |
| Liabilities and Stockholders' Equity | $340,504,000 | $310,585,000 | $325,722,000 | $495,038,000 | $631,936,000 | $636,212,000 | $560,659,000 |
| Cash Flow Statement | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
| Operating Activities Beginning Net Income | $61,257,000 | $36,725,000 | ($108,299,000) | ($156,250,000) | ($37,288,000) | ($29,934,000) |
| Depreciation (Non-Production) | $23,335,000 | $24,635,000 | $33,992,000 | $39,357,000 | $35,893,000 | $23,087,000 |
| Adjustment Amortization - Intangibles (Non-Productive) | $2,915,000 | $4,567,000 | $12,810,000 | $31,669,000 | $29,360,000 | $20,341,000 |
| Amortization | $391,000 | $0 | ||||
| Adjustment Accretion | $10,536,000 | $9,934,000 | ||||
| Adjustment In-Process Research and Development | $5,018,000 | $0 | ||||
| Asset Impairment Charges | $0 | $2,000,000 | $47,490,000 | $2,441,000 | $0 | $0 |
| Adjustments to Realized Gains/(Losses) on Sale of Investments | ($1,656,000) | $0 | $0 | $563,000 | $20,402,000 | $0 |
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | ($40,000) | ($405,000) | ($2,810,000) | ($6,859,000) | $0 | $0 |
| Total Adjustment Employee Compensation | $2,879,000 | $446,000 | $553,000 | |||
| Deferred Income Taxes | ($1,637,000) | ($5,749,000) | ||||
| Adjustment Extraordinary Items | $0 | ($17,000) | $7,249,000 | $0 | $0 | |
| Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | $0 | ($777,000) | ($51,431,000) | $0 | $0 | |
| Noncash Expenses - Other | $0 | $4,423,000 | $8,814,000 | $9,363,000 | ||
| Change Accounts Receivable | $7,977,000 | ($14,722,000) | ($31,274,000) | ($52,332,000) | $59,591,000 | ($53,196,000) |
| Increase/(Decrease) in Inventories | ($2,925,000) | ($1,146,000) | ($5,546,000) | ($8,282,000) | $3,479,000 | ($2,129,000) |
| Increase/(Decrease) in Other Current Assets | ($7,962,000) | $3,167,000 | ($6,282,000) | ($5,687,000) | $3,424,000 | ($5,375,000) |
| Increase/(Decrease) in Accounts Payable | $2,505,000 | ($764,000) | $773,000 | ($26,192,000) | $18,651,000 | ($3,749,000) |
| Change Other Accrued Expenses | ($14,143,000) | ($6,507,000) | ($8,718,000) | $14,948,000 | $17,907,000 | ($10,316,000) |
| Increase/(Decrease) in Accrued Expenses | ($9,419,000) | $2,110,000 | ||||
| Increase/(Decrease) in Unearned Premiums | ($2,364,000) | $18,305,000 | ($445,000) | ($15,034,000) | $8,609,000 | $9,539,000 |
| Increase/(Decrease) in Employee Related Liabilities | $1,213,000 | $1,389,000 | ($3,084,000) | $12,688,000 | ||
| Net Cash Flows Provided By/(Used In) Operating Activities | $82,203,000 | $99,119,000 | $73,980,000 | ($35,347,000) | $2,052,000 | $85,970,000 |
| Purchase of Property, Plant and Equipment | $16,720,000 | $5,740,000 | $10,694,000 | $49,950,000 | $66,093,000 | $33,292,000 |
| Purchase of Investments | $198,748,000 | $203,290,000 | $203,105,000 | $133,032,000 | ||
| Proceeds from Available-for-Sale Securities | $171,204,000 | $194,413,000 | $185,449,000 | $158,690,000 | $378,591,000 | $239,615,000 |
| Acquisition of Businesses, Net of Cash Acquired | $55,203,000 | $0 | ||||
| Net Purchase of Short-Term Investments | $273,941,000 | $279,513,000 | ||||
| Purchase Intangible Assets | $200,000 | $0 | ||||
| Net Cash Flows Provided By/(Used In) Investing Activities | ($44,264,000) | ($14,617,000) | ($28,350,000) | ($24,292,000) | ($16,846,000) | ($73,190,000) |
| Repayments on Notes Payable | $1,624,000 | |||||
| Proceeds Debt | $40,000,000 | $0 | $27,000,000 | $42,674,000 | $0 | |
| Reduction of Capital Lease Obligations | $213,000 | $376,000 | $788,000 | $396,000 | $245,000 | $0 |
| Repayment Convertible Debt | $0 | $129,409,000 | $59,769,000 | $0 | $0 | |
| Repayments Debt | $80,979,000 | $6,886,000 | $21,821,000 | $0 | $1,676,000 | |
| Net Change Long Term Debt | $0 | |||||
| Financing Costs | $1,128,000 | $0 | $0 | |||
| Proceeds from Issuance of Common Stock | $15,084,000 | $16,844,000 | $2,827,000 | $5,355,000 | ||
| Proceeds from Issuance of Preferred Stock | $0 | $43,564,000 | $0 | $0 | ||
| Proceeds from Stock Options Exercised | $39,097,000 | |||||
| Repurchase of Common Stock | $25,057,000 | $21,708,000 | ||||
| Net Common Stock Transactions | $26,849,000 | |||||
| Net Cash Flows Provided By/(Used In) Financing Activities | ($27,236,000) | ($76,263,000) | ($52,551,000) | $47,633,000 | $12,119,000 | $3,517,000 |
| Effect of Exchange Rate on Cash and Cash Equivalents | $2,894,000 | $1,363,000 | $408,000 | $26,000 | $2,393,000 | $1,458,000 |
| Increase/(Decrease) in Cash and Cash Equivalents | $13,597,000 | $9,602,000 | ($6,513,000) | ($11,980,000) | ($282,000) | $17,755,000 |
| Cash and cash equivalents at the beginning of the year | $75,653,000 | $66,051,000 | $72,564,000 | $84,544,000 | $84,826,000 | $67,071,000 |
| Total Cash and cash equivalents at the end of the year | $89,250,000 | $75,653,000 | $66,051,000 | $72,564,000 | $84,544,000 | $84,826,000 |
| Income Taxes Paid | $6,552,000 | $916,000 | $0 | $1,443,000 | $3,708,000 | $2,529,000 |
| Cash Interest Expense | $1,599,000 | $2,811,000 | $2,742,000 | $741,000 | $93,000 | $0 |
| Fair Value of Assets Acquired | $1,596,000 | $0 | ||||
| Stock Issued | $408,000 | ($55,000) | ($213,000) | $10,422,000 | $0 | |
| Supplemental Other Net | $8,808,000 | $25,283,000 | $0 | $0 |
| Financial Notes: | |
| * | Aspect Software fiscal year end: 12/31 |
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Aspect Software Software / Services Revenues ($ MM): |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Apr. 1996 | Completed | Aspect Software | Microsoft Corporation | Acquisition | $14,150,000 |
| Details | Jul. 2008 | Completed | View | View | Acquisition | View |
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$99 Single Company AccessInstant Full Site-Wide AccessAspect Introduces New Divisions
On June 5, 2012, Aspect announced that it would operate as two separate divisions:
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