Code42 Software IPO

www.code42.com

Code42 Software was founded in 2001 by Brian Bispala, Matthew Dornquast, and Mitch Coopet. The company has not spoken publicly about plans to pursue an IPO, but CEO and President Joe Payne has a proven record of success, leading Eloqua through a successful IPO. The Minneapolis Star Tribune predicts that "an IPO could occur within a couple of years, as Code42 crosses $150 million in revenue and demonstrates profitable growth." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Code42 offers data security solutions. The company specializes in protecting against insider risk, a concept that Code42 defines as any potential data exposure that might occur from the actions, often accidental, of a person within an organization. Code42 has raised over $130 million in venture capital funding from investors including JMI Equity, New Enterprise Associates, Accel Partners, and Split Rock Partners. The company's most recent round of funding took place in 2015, but Code42 continues to experience rapid growth, with revenue increasing by 125% in 2021. Code42 has a post-money valuation of up to $500 million.

Founded2001
Total Funding to Date$140.12MM
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Code42 Software Ticker Symbol

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Code42 Software Stock Price

The stock price for Code42 Software will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).

Major Investors for Code42 Software

Accel
New Enterprise Associates
Split Rock Partners
JMI Equity

Code42 Software Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
10/13/2015 Series B $348.27MM $XXX.XX $XXX.XX
1/18/2012 Series A $239.48MM $XXX.XX $XXX.XX
Based on primary financings

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