AppSense Preps for IPO as Facebook Hangover Fades
NEW YORK (
) -- Virtualization specialist
AppSense
is planning to take the plunge as a public company, according to
The Wall Street Journal's
Web site.
AppSense investor
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. Report
is working with the company to help it prepare its filing, along with
Citigroup
(C) - Get Citigroup Inc. Report
and
JPMorgan
TheStreet Recommends
(JPM) - Get JPMorgan Chase & Co. Report
,
AllThingsD
reports.
A spokesman for AppSense told
TheStreet
that the company "doesn't comment on rumors or speculation."
AppSense has already started to attract
by touting a new approach to virtualization. Whereas companies like
VMware
(VMW) - Get VMware, Inc. Class A Report
,
Microsoft
(MSFT) - Get Microsoft Corporation Report
and
Citrix
(CTXS) - Get Citrix Systems, Inc. Report
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
(FB) - Get Meta Platforms Inc. Class A Report
, 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
,
IBM
(IBM) - Get International Business Machines Corporation Report
,
Cisco
(CSCO) - Get Cisco Systems, Inc. Report
and Microsoft, along with VMware and Citrix.
After a Facebook-induced hiatus, tech companies are again hitting the IPO trail. Recent
include
Palo Alto Networks
(PANW) - Get Palo Alto Networks, Inc. Report
, online travel specialist
Kayak
(KYAK)
and cloud specialist
ServiceNow
(NOW) - Get ServiceNow, Inc. Report
.
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) - Get Splunk Inc. Report
, which went public in April and describes itself as the "
Google (GOOG) - Get Alphabet Inc. Class C Report 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.
>To submit a news tip, send an email to:
.
Check out our new tech blog,
Tech Trends
. Follow TheStreet Tech
