IT security provider Qualys files for $100 million IPO

Cloud security provider Qualys Inc filed with US regulators to raise up to $100 million in an initial public offering of its common stock. The company, which provides a cloud computing based platform for companies to secure their IT infrastructure, said it plans to list under the symbol "QLYS", but did not say on which exchange.
Qualys is backed by chief executive Philippe Courtot, who owns about 40 percent of the company, and venture capital firm Trident Capital, which has a 27.4 percent stake.
The California-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that JP Morgan and Credit Suisse Securities are the lead underwriters to the offering. The company, whose services are used by more than 5,700 organisations in 100 countries, had a revenue of $21.2 million for the quarter ended March 31, according to the filing.