Compuware Files IPO For Its Cloud Operation

May 15, 2013, 1:39 pm EDT
Compuware Files IPO For Its Cloud Operation

Yesterday, Compuware (NASDAQ:CPWR) filed the necessary papers for a public offering of its cloud division, . The plan is to list the company on the NASDAQ under the ticker “COVS.”  Lead underwriters include Credit Suisse (NYSE:CS) and Pacific Crest Securities.

Covisint operates a so-called “cloud engagement” platform, which helps organizations securely connect and collaborate with customers, business partners and suppliers. For the most part, this system is focused on highly regulated industries like autos, healthcare and energy.

So far, Covisint has over 3,000 customers and 18 million users. Of course, a few of those 3,000 are mega customers that represent a huge chunk of the business. For example, 34% of revenues come from General Motors (NYSE:GM). Other big ones are AT&T (NYSE:T), Daimler (PINK:DDAIF) and the Blue Cross Blue Shield Association. Read 

Whole Foods Wannabe Sprouts Files for IPO

May 14, 2013, 8:46 am EDT
Whole Foods Wannabe Sprouts Files for IPO

Late last week, natural and organic grocer Sprouts Farmers Markets filed for an IPO.

It was back in 2011 that Apollo Global Management (NYSE:APO) purchased the company and then went on to acquire other rivals like Sunflower Farmers Market and Henry’s Farmers Market. As of now, Sprouts has 157 locations in eight states.

What sets it apart is a small-box format; Sprouts has an average store size of 27,500 square feet. That’s not huge, but still enough room to have a wide assortment of fresh produce, seafood, dairy items, frozen foods, wine and even body care products. Read 

VIDEO: Big Trends in Tech Security

May 13, 2013, 2:16 pm EDT

While social IPOs from the past year have been a flop — a la Facebook (NASDAQ:FB) and Groupon (NASDAQ:GRPN) — the broader tech sector has been a decent place for deals.

For one, the security sector has been a hotbed of success thanks to notable deals from Imperva (NYSE:IMPV, +108%) and Proofpoint (NASDAQ:PFPT, +40%).

No surprise, considering security software really is a must-have corporate expenditure amid growing incidence of security breaches and cyberthreats; according to DataLoss.org, such incidents hit a record in 2012. Read 

Tech, Real Estate Top This Week’s 7 IPOs

May 13, 2013, 12:14 pm EDT
Tech, Real Estate Top This Week’s 7 IPOs

Wall Street keeps churning out the new deals, and investors keep shrugging, as evidenced by last week’s slate of 10 IPOs that finished with mixed results: Company Ticker Offering Price Return TriState Capital TSC $11.50 +17% PennyMac PFSI $18.00 +11% Quintiles Q $40.00 +6% Receptos RCPT $14.00 +4% Cyan CYNI $11.00 +2% First NBC Bank NCBC $24.00 +1% Armada Hoffler AHH $11.50 +1% American Residential ARPI $21.00 0% Emerge Energy EMES $17.00 -2% BioAmber BIOA $10.00 -16% Average +3%

Nonetheless, company execs and VCs still need to get theirs, so we’re not seeing a slowdown in activity. This week features seven deals on the docket … and we’re taking a quick look at each: Ambit Biosciences

Ambit Biosciences (NASDAQ:AMBI) is a biotech company that focuses on treatments that inhibit kinases, which are drivers for diseases such as cancer. Three drugs are in development, with the lead one being quizartinib — a Phase 2B trial treatment for acute myeloid leukemia. Read 

VIDEO: The Magic Behind Flint and Mobile Payments

May 13, 2013, 7:00 am EDT
VIDEO: The Magic Behind Flint and Mobile Payments

The merchant payments business has undergone a massive disruption thanks to rapid growth in the smartphone market. The legacy players in the merchant payments space have suffered mightily; consider VeriFone’s (NYSE:PAY), whose stock has been cut nearly in half in the past year.

The leader in this megatrend is Square, whose co-founder, Jack Dorsey, actually was one of the masterminds behind Twitter.

However, Square is not the only company the industry needs to worry about. Many others are making a push, including Flint. Read 

VIDEO: Investor Opportunities in the Cloud

May 10, 2013, 11:04 am EDT
VIDEO: Investor Opportunities in the Cloud

Cloud operators have been the star of the IPO world thanks to deals like WageWorks (NASDAQ:WAGE, +188% since IPO), Workday (NYSE:WDAY, +132%) and ServiceNow (NYSE:NOW).

One of the early investors in the cloud space is Emergence Capital.

“Ten years ago when we started our firm, we believed that the Internet would change everything in the way businesses use technology,” Emergence partner Kevin Spain said. As a result, Emergence invested in breakout companies like Salesforce.com (NYSE:CRM), SuccessFactors, Yammer and Box. Read 

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