Tuesday, June 1, 2010

Tripwire Files For IPO

Portland-based Tripwire, a developer of IT automation software, filed for an IPO Friday. According to the firm's IPO filing, it is looking to raise up to $86.25M in an IPO on the NASDAQ Global Market. The firm is looking to list as TPWR. Tripwire's IPO is being underwritten by J.P. Morgan, Thomas Weisel Partners LLC, Needham & Company LLC, and RBC Capital Markets. The firm reported total revenues of 74.0M in 2009, and net income of $19.5M. Tripwire is backed by Advanced Technology Ventures, Bessemer Venture Partners, Institutional Venture Partners (IVP), Industry Ventures, and others.