Imperva founder and CEO Shlomo Kramer might still decide to sell the data security firm to a large computer solutions company instead of taking it public.
Sources inform ''Globes'' that data security solutions developer Imperva Inc. has chosen the syndicate of investment banks, headed by Goldman Sachs Holdings Inc. (NYSE: GS) and Deutsche Bank Securities LLC, to handle its Wall Street IPO. The company will try to hold the IPO at a company value of $300-400 million.
Check Point Software Technologies Ltd. (Nasdaq: CHKP) co-founder Shlomo Kramer founded Imperva in 2002, and he serves as its president and CEO. The company had $60-70 million in sales in 2010 and is profitable.
Nonetheless, it is still possible that Kramer will decide to sell Imperva to a large computer solutions company instead of taking it public. This is exactly what happened with Sentrigo Inc., which new Intel Corporation (Nasdaq: INTC) unit McAfee Inc. acquired last week, and with Guardium Inc., which IBM Corporation (NYSE: IBM) acquired six months ago.
Published by Globes [online], Israel business news - www.globes-online.com - on March 27, 2011
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