After growth, Boston-area companies look to go public
The past few years have seen a number of Boston-area companies make the jump and go public, with 43 finding an exit, one way or another, of over $500 million in the past decade. 2014 could see even more big names exit in a big way — if the economy holds up. Here are some of the companies to watch in 2014 for possible initial public offerings.
With almost 9 million users around the world and $111 million in funding from venture capitalists, chief executive Sheila Lirio Marcelois preparing her company to go public. The seven-year-old website has become an “Amazon.com for caregivers,’’ helping connect those in need with assistances for child- and senior-care as well as services like petsitting and housekeeping services. Care.com filed confidentially with the SEC earlier this year.
better efficiencies and reduced expenses. Ash Ashutosh, pictured, told the Globe earlier this year he is focused on building “a long-standing company.’’
Just four years old, Actifio is trying to disrupt the old-guard storage industry, promising
Newton-based IT security firm is also looking for a public offering in 2014, chief executive Udi Mokady told the Boston Business Journal’s Kyle Alspach. The firm offers security solutions for the likes of Pfizer and ING Direct.
Founded in 2006, HubSpot did $52 million in sales of its online marketing services and tools and, as one of Boston’s more visible home-grown software start-ups, is looking on track to go public next year.
Mike Preshman (left) and Matt Manger at work at Burlington-based Veracode, which offers application security management. The company has been staffing up with executives who have helped companies go public before, but the question is whether 2014 will be the year.
Streetware retailer Karmaloop has been cutting its own path in the challenging fashion industry and making it pay. Rumored for a 2013 public offering that never materialized, perhaps Karmaloop owners Greg and Dina Selkoe will try in 2014.
With a $30 million funding round last year, strong international growth, and a poweful, open-source content management system in Drupal, Acquia has been preparing to go public with its premium service and support offerings.
Wayfair chief executive officer Niraj Shah said “it makes sense’’ to take his company public, but the question is of when. Once a quiet online retail giant, the company has started aggressively marketing itself directly to consumers, a new chapter as it positions itself for more public success.