Business communications SaaS provider RingCentral files for a $100 million IPO
Grazed from Renaissance Capital. Author: PR Announcement.
RingCentral, which provides cloud-based phone systems to small businesses, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The San Mateo, CA-based company, which was founded in 1999 and booked $136 million in sales for the 12 months ended June 30, 2013, plans to list under the symbol RNG, but has yet to announce an exchange. RingCentral initially filed confidentially on June 24, 2013. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.


Salesforce.com’s next CRM (customer relationship management) software release will contain a slew of new features, with many focused on the Chatter collaboration and messaging tool as well as customer service, according to a set of official release notes. Many new features associated with Chatter concern usability and access to the system. For example, now iOS device users will be able to launch Chatter Mobile from their Salesforce.com email.
ProfitBricks is a cloud computing company that provides high-end infrastructure as a service (IaaS) for companies and IT professionals. They offer fast and stable virtual data centers that are based on high standard virtualization technology, which allows customers to easily scale their individual infrastructure to fit their specific needs at any time. To find out more about this company, I spoke with Pete Johnson, the senior director of cloud platform evangelism.