Big data is wasted wealth if you can’t see what it means, so visualization software is increasingly important to companies that find themselves drowning in data. Tableau offers a lifeline in the form of software that makes statistics accessible and easy to share, and now the company is sharing some stats of its own: revenue doubled last year to $128 million, while net income slid to $1.6 million, down from $3.4 million in 2011. Tableau filed a prospectus this week as it seeks to raise $150 million through an IPO. is a software company Two software companies that work with Software companies aring stock prices have inspired several IPO filings Intel, Radisys, and Citrix.
“The money raised from an IPO will help Tableau continue to invest in R&D, something its CEO Chris Chabot has publicly stressed,” said Fredrik Tunvall, infrastructure management analyst at Ovum. “Ovum believes that longer term sustainable growth will require the company to advance new product development, including in more advanced and richer analytic capabilities and also factor in back-end data management,” he added.
Also filing this week was Marketo, a maker of cloud-based marketing software that seeks to raise $75 million. Marketo counts Intel, Radisys and Citrix among its customers. Revenue was $58.4 million last year, and the company has yet to make a profit.
In other capital markets news, Kickstarter-financed Simple.TV has raised $5.7 million from New World Ventures. The company makes a box that records signals from HD antennas and then retransmits them to mobile devices. The Simple.TV box sells for $149 but the company has said it is investigating partnerships with manufacturers that would enable it to offer its service independent of the device.
