Posts Tagged ‘SaaS’

Zoom Video Technology

This Thursday Zoom Video (NYSE: $ZM) will debut into a red-hot market for enterprise SaaS companies. The most recent, PagerDuty (NYSE: $PD) filed at $19-21, priced at $24 and is now trading close to $40/share. That’s about 25x trailing sales of $118M. That one is hard to buy at these prices. And if Zoom wasn’t…

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PagerDuty for On-Call Management

PagerDuty (NYSE:PD) is out marketing their IPO this week. They are doing a masterful job and positioning themselves as the new “brains” of the online world. You need to do that then you filing range is already at 13x revenues! It is a good story. Maybe not as good as a Twilio (TWLO) but if…

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Your Father’s Enterprise SaaS Company

SolarWinds (NYSE: SWI $17-19) will be returning to the public markets this week after being taken private by private equity firms Silver Lake and Thoma Bravo in February of 2016 in a $4.5B deal. In the middle of the range, the company would have a market capitalization of $5.4B. Post-IPO these PE companies will still…

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Weaponized Analytics?

This week the deal we are digging into is Anaplan (NYSE: $PLAN) which priced last night at $17, well above the proposed range of $13-15. It’s a good old-fashioned enterprise SaaS company at the highest end of the “enterprise performance management” segment. Earlier this year we saw Adaptive Insights ($ADIN) get snatched from the IPO…

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Super Elastic Bubble Plastic

The Elastic IPO (NYSE: ESTC) will price tonight. The price was bumped up to $33-35 but given the company position in software infrastructure the shares should still perform well from that level. We have our summary comments below but investors in this one will want to review the ESTC prospectus and read our transcript of…

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MongoDB for Simple and Flexible Enterprise Data Management

[We published this as a subscriber-online note in mid-October.] Most business applications run on relational databases (RDB) from companies like Oracle. There’s a view that RDB is an “old” technology which is true – it came about in 1970 so it’s not new. However, there have been decades of investment in RDB as a platform…

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Proofpoint (PFPT) IPO Note

Proofpoint recently priced their IPO above the $10-12 range at $13 and has held together well in the aftermarket where it’s trading at $13.77. We’re actively covering much of the information security space because it is so critical to consumer internet use, mobile computing and enterprise data and information management. We’ve just published a brief…

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SciQuest Pre-IPO Review

We did some analysis of the upcoming SciQuest IPO. The Wrapper: SaaS solution for purchasing and procurement for higher education (63% of customers), public sector (3% of customers), life sciences (23% of customers) and healthcare organizations (11% of customers.)  $300K average selling price. 165 customers.  $40M revenues, 165 customers, 125,000 users, 78% gross margins, 18%…

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