Good Technologies has uncovered its IPO filing, right after filing confidentially in 04. The software security provider plans to raise approximately $100 million in an ALL OF US IPO.
Started in mil novecentos e noventa e seis, Good is not really yet lucrative. The company published a $118 million internet loss about revenue of $160 million last year. In 2012, Good misplaced $90. 5 million about $116 million in earnings. They had gathered a debt of $609 million at the conclusion of 2013.
Good states it will benefit from growing requirements for software program security. "We believe that the marketplace for secure mobility solutions will take an increasing share of IT spend through commercial, non-mobile, software markets, " the organization filing claims. Good also says this expects to profit from the "Internet of things, " like a variety of brand new devices will be needing security.
The company appreciates that the competing landscape may possibly damper their own financial results. "Revenue development may slow or revenues may decline for a number of achievable reasons, including slowing with regard to our safe mobility answer, increasing opposition, changes to our pricing model, a decrease in the size or perhaps growth of the overall marketplace, or any disappointment to continue in order to capitalize on growth opportunities, " typically the filing alerts.
The Sunnyvale, Calif. -based company continues to be rumored to look public for a while now. Good has elevated $396 , 000, 000 in private equity finance and venture capital funding in addition to reportedly includes a $1 billion value.
Oak Expense Partners has got the largest stake in the organization at twenty two. 5%. Draper Fisher Jurvetson holds 10. 7% plus Lazard Technologies Partners has 7. 6%. CEO Christy Wyatt only has a 3. 8% share.
The company have not yet chosen a stock exchange. Underwriters contain Morgan Stanley, Barclays, Bank of The usa Merrill Lynch and Citigroup.