Delano Technology Corporation - $130 Million IPO

Delano Technology Corporation (Delano) completed its $130 million initial public offering of common shares on February 14, 2000. The prospectus, filed by Delano in Canada in relation to the IPO, also qualified the issuance of common shares in relation to $22.5 million of previously issued special warrants. The common shares are quoted on the NASDAQ market.

Based in Toronto, Delano provides e-business communications software that enables companies to use e-mail and the web to automate business processes and personalize and manage interactions with their existing and prospective customers, partners, suppliers and employees.

Osler, Hoskin & Harcourt LLP represented Delano Corporation, with Osler’s team being comprised of E. A. (Ward) Sellers, Daniel L. Scholes and Alexis Gosselin. Christopher W. Morgan, Riccardo Leofanti and Jonathan James of Skadden, Arps, Slate, Meagher & Flom LLP provided Delano with US legal advice. FleetBoston Robertson Stephens Inc. and US Bankcorp Piper Jaffray Inc. acted as lead underwriters of the offering and were represented by Mark L. Johnson and Emily F. Hayes of Foley, Hoag & Eliot LLP with respect to US legal matters, and Robert P. Wildeboer and Derek M. Sigel of Wildeboer Rand Thomson Apps & Dellelce in Canada, with regard to Canadian matters.