AppSense Preps for IPO as Facebook Hangover Fades
AppSense investor Goldman Sachs(:GS) is working with the company to help it prepare its filing, along with Citigroup(:C) and JPMorgan(:JPM), AllThingsD reports.
A spokesman for AppSense told TheStreet that the company "doesn't comment on rumors or speculation."
AppSense has already started to attract attention by touting a new approach to virtualization. Whereas companies like VMware(:VMW), Microsoft(:MSFT) and Citrix(:CTXS) virtualize servers, applications and desktops, AppSense has developed what it describes as "user virtualization."
The company's software lets users securely access content, applications and data, both personal and corporate, across devices such as desktops, laptops, tablets and mobile phones, according to CEO Darron Antill, in a recent interview with TheStreet.
Last year, AppSense received $70 million from Goldman Sachs -- Goldman's largest technology investment other than Facebook(:FB), which raised $450 million from the bank.
AppSense has told TheStreet that the company has grown its business an annual 40% to 50% for four years, generating cash and profits since day one.
Based in the U.K., with a U.S. headquarters in Manhattan, AppSense has racked up more than 3,000 customers worldwide since its founding in 1999, including 18 of the top 20 banks.
The virtualization company has also amassed an impressive list of partners, including HP(:HPQ), IBM(:IBM), Cisco(:CSCO) and Microsoft, along with VMware and Citrix.
After a Facebook-induced hiatus, tech companies are again hitting the IPO trail. Recent offerings include Palo Alto Networks(:PANW), online travel specialist Kayak(:KYAK) and cloud specialist ServiceNow(:NOW).
Shares of ServiceNow have climbed more than 194% since the company's IPO last month, while Palo Alto Networks is up more than 20% since its offering. Kayak shares are down 11%.
Splunk(:SPLK), which went public in April and describes itself as the "Google(:GOOG) of big data," reports its second-quarter results after the market close on Thursday. Analysts surveyed by Thomson Reuters expect the San Francisco-based firm to report revenue of $39.84 million and a loss of 4 cents a share.
--Written by James Rogers in New York.
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