BOSTON– Well-funded tech firm Actifio could likely go public in 2016, according to a report released Thursday by CB Insights and reported by the Boston Business Journal.
Waltham, MA-based data management firm Actifio, which was founded by Ash Ashutosh, is ranked “most likely” to go public next year based on an algorithm that assesses and scores private company health and momentum, Boston Business Journal said.
According to Boston Business Journal, Actifio’s total funding to date is about $207 million, and investors include Greylock Partners, Tiger Global Management, North Bridge Venture Partners, Andreessen Horowitz and 83North.
Boston Business Journal quoted Actifio CEO Ashutosh as saying that the company’s financials are strong. Actifio recently reached $200 million in cumulative bookings and $100 million worth of signed contracts extending out to 2020, he said. The company also has more than 1,000 customers.
As far as an IPO is concerned, Ashutosh was quoted as saying that the firm is planning for the event.
“When the financial market variables outside our control come into line, we plan to be ready,” he told Boston Business Journal in an email. “Until then our primary focus remains, as it always will be, on making our customers successful.”
