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Metastorm Files for IPO

Metastorm Inc., a Columbia, Md.-based provider of business process management software, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol MSTM, with Jefferies & Co. and Oppenheimer & Co. serving as co-lead underwriters.


Metastorm has raised around $115 million in total VC funding, including a 2004 recap round. Backers include Internet Capital Group (32.2% pre-IPO stake), ABS Capital Partners (16.8%), 3i Group (12.8%) and Wall Street Technology Partners (9.1%).