There was a somewhat interesting IPO filing yesterday, although I am not that convinced that it is a GOOD interesting at this point. Salary.com has made its initial filing for an initial public offering yesterday.The company has listed Thomas Weisel as the lead manager and co-managers are listed as follows: William Blair, Needham, Wachovia, and Pacific Crest.The company’s corporate offerings are for pay optimization and standardization based on job categories and based on regional data including experience and education. It also allows individuals to go in and conduct a pay search based on many criteria to make sure they are adequately paid market rates.The company boasts some 7,000 corporate subscribers that covers some 10,000,000 employees. In its most recent 12 month period the company posted almost $17 million in revenues and had approximated losses of $3 million. There may be some seasonality to the company, so we won’t go out on a limb asking how such deals are able to get done right now.Jon C. OggNovember 14, 2006
Salary.com Files for IPO
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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