CTI Communications made its entry on the Australian Stock Exchange last week, listing at $1.10 per share in a $5 million issue.
The call centre and help desk software supplier is forecast to achieve a turnover of $14 million this year. This will increase to $24 million by 2001, according to the company, which hopes to expand its business, opening new offices and increasing its product and services range.
Sydney-based broker Findlay and Company underwrote the issue, which raised more than $5 million and was oversubscribed by nearly 20 per cent.
CTI Communications services over 150 clients across Australia, including Telstra, Optus, Macquarie Band, Westpac and the RAAF.