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News Article

Boston’s next 10 tech IPOs?

October 11, 2012

Actifio Inc., cloud-based data management, disaster recovery and backup services.

Helping their IPO prospects: Service promises cut data management costs by up to 90 percent; expecting to see revenue of more than $30 million this year, and to be profitable by Q2 of 2013.

CEO quote: “I think we found that this market opportunity is across the globe, everybody has this problem,” said CEO Ash Ashutosh. “It is huge. And if we are going to go build a public company, let’s build a public company. Let’s not just take one step at a time. Let’s just go big.”

IPO timing: The aim is to file the company’s IPO intentions in the third or fourth quarter of 2013, Ashutosh said.

Original Article