Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Management & Strategy

Qualys Files for $100 Million IPO

Qualys IPO Could Raise Nearly $100 Million

Cloud-based security and compliance solutions provider Qualys, Inc., on Friday filed an S-1 registration statement with the U.S. Securities and Exchange Commission, and is set to soon to go public in an IPO that could raise nearly $100 million.

Qualys IPO Could Raise Nearly $100 Million

Cloud-based security and compliance solutions provider Qualys, Inc., on Friday filed an S-1 registration statement with the U.S. Securities and Exchange Commission, and is set to soon to go public in an IPO that could raise nearly $100 million.

QualysThe Redwood City, California-based Company’s QualysGuard Cloud Platform is currently used by over 5,700 organizations in more than 100 countries.

Qualys had revenues of $57.4 million in 2009, $65.4 million in 2010, and $76.2 million in 2011. For the three months ended March 31, 2012, revenue reached $21.2 million. The company had net income of $0.9 million in 2009, $0.4 million in 2010 and $2.0 million in 2011. The company reported a net loss of $0.3 million for the three months ended March 31, 2012.

The company hopes to trade under the symbol “QLYS”, but did not mention which exchange it would list with, or disclose the number of shares to be offered or the expected price range.

According to the S-1 filing, Philippe Courtot, Chairman, President and Chief Executive Officer, who has injected $23.2 million of his own cash into the company, owns nearly 40 percent of company shares prior to the offering. Courtot also recently founded and pledged $500,000 in seed money to launch the Trustworthy Internet Movement (TIM), a nonprofit created to take on issues such as SSL governance and the spread of botnets and malware.  

Institutional investors in the company include Trident Capital and GRP Partners.

The company said J.P. Morgan Credit Suisse will serve as joint bookrunning managers for the offering, with RBC Capital Markets, Pacific Crest Securities, Robert W. Baird & Co., JMP Securities, Lazard Capital Markets, and First Analysis Securities Corporation acting as co-managers.

The eventual IPO would follow other recent notable public offerings including those of Proofpoint, Imperva, Splunk and AVG.

Advertisement. Scroll to continue reading.
Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is founder and director of several leading cybersecurity industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Discover strategies for vendor selection, integration to minimize redundancies, and maximizing ROI from your cybersecurity investments. Gain actionable insights to ensure your stack is ready for tomorrow’s challenges.

Register

Dive into critical topics such as incident response, threat intelligence, and attack surface management. Learn how to align cyber resilience plans with business objectives to reduce potential impacts and secure your organization in an ever-evolving threat landscape.

Register

People on the Move

Gigamon has promoted Tony Jarjoura to CFO and Ram Bhide has been hired as Senior VP of engineering.

Cloud security firm Mitiga has appointed Charlie Thomas as Chief Executive Officer.

Cynet announced the appointment of Jason Magee as Chief Executive Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.