Monday, April 02, 2007

Cape Clear Mulls Public Listing

"Enterprise service bus player Cape Clear Software Inc will consider a public listing at the end of the year, ComputerWire has learned.
The firm, which is privately held and took on $15m in venture capital funding last April, claims to be growing fast and breaking even. Asked whether it is too early to be considering a flotation, the firm’s executive vice president of products, David Clarke, said: “I don’t know -- the business is growing strongly and performing well. I think towards the back end of the year you look at revenue, and the markets, and see how that would play out.”
Numerous VC investors are surely eager to see a return on their investment in the company, which has its headquarters in San Mateo, California. Cape Clear is believed to have taken on in the region of $50m VC funding since it was founded in September 1999."

No comments: