January 20, 2015

Boston Business Journal

Waltham-based Actifio in talks to raise another $100M ahead of possible IPO

Waltham data management company Actifio is looking to raise another $100 million in funding by the middle of this year, potentially paving the way for an IPO

The news was first reported Monday by The Economic Times, an Indian business publication.

Actifio CEO and founder Ash Ashutosh told reporters in India that existing investors such as North Bridge Venture Partners, Greylock IL, Advanced Technology Ventures, Technology Crossover Ventures and Andreessen Horowitz were likely to participate in the new round of funding.

"We are often approached by investors eager to participate in the success of our business, and that's the case here," said an Actifio spokeswoman in a statement. "We are considering their offer, in the context of a mission which remains unchanged... to build the next great enterprise technology brand by helping customers around the world improve the resiliency, agility, and cloud mobility of their business."

To read the full article, visit:  http://www.bizjournals.com/boston/blog/techflash/2015/01/waltham-based-actifio-in-talks-to-raise-another.html