Data manager DataStax prepares for IPO, say sources: Reuters

Acquisitions

▤ Summary

DataStax Inc , a data management platform, is gearing up for an initial public offering (IPO) this year that could value the company at more than $1 billion, people familiar with the matter said. Founded in 2010, DataStax provides a data management platform for clients including McDonalds Corp, Delta Airlines Inc, eBay Inc and more. It competes in the enterprise data management space with incumbents like Oracle Corp as well as other smaller players such as MongoDB. DataStax will be joining a group of enterprise software companies preparing for 2019 IPOs, including Ping Identity, Cloudflare Inc, Zoom Video Communications Inc, Reuters previously reported. VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more.

▥ Classifications

industries
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applications
Web and Content Management

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Labels
Cloud Computing Database Management Software as a Service (SaaS)

▦ Linked Companies

DataStax
$100M to $250M