Infoblox planning $125M IPO

Network and data-service provider Infoblox, which counts companies like Barclays, Wells Fargo, Boeing, IMB and the FAA among its customers, has filed documents for an initial public offering that could raise as much as $125 million.

According to the regulatory filing, Infoblox plans to use the proceeds for potential acquisitions, working capital and for general corporate purposes. The filing didn't specify the size of the planned IPO, Bloomberg said, adding that the size of the IPO could change. The filing showed Infoblox had revenue of $39.4 million in the quarter ending in October, an increase of 35 percent. It also showed a net loss of $1.8 million, compared to net income of $206,000 a year earlier.

Infoblox technology helps companies automate some processes. Sequoia Capitals, which owns 29 percent of the company, has hired Morgan Stanley and Goldman Sachs Group manage the IPO.

For more:
- see this Bloomberg article

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