Kintera fundraising ASP to go public
A dotcom remnant that focuses on fundraising software/services (an ASP) has filed to go public according to this Wall Street Jorunal story (subscription require):
The underwriters for Kintera Inc.'s proposed initial public offering set the offering size at 4.5 million shares, plus 675,000 shares for overallotments.
...Kintera, which makes fund-raising software, said it expects to receive net proceeds of approximately $36.4 million, or $42 million if the overallotment is exercised in full.
Here's what Kintera provides since being founded in 1999 by the founders of InterVU which was acquired for several billion dollars:
The Internet provides a revolutionary opportunity to empower people to communicate more easily and more effectively than ever before about causes and issues of interest to them. Interactions between people are dramatically enhanced when nonprofit organizations provide easy-to-use online communication tools that effectively allow their supporters to communicate with one another. Not only can nonprofits target their audience with personalized communications and gain extraordinary knowledge from these interactions, but more importantly, they can now provide volunteers and supporters with Internet technology that enables them to leverage valuable real-time data that drive people to take action.
It is that knowledge and interaction that ultimately assists nonprofits in raising awareness, funds and participation while growing their community of supporters. The result is less communication costs, and dramatically increased participation. This is the power of Kintera Sphere, the Knowledge Interaction software platform developed by Kintera.