Autotask CEO: Potential Cloud Services IPO?

Autotask CEO Mark Cattini knows about initial public offerings (IPOs). But will he ready the cloud-based business management software provider for its own IPO? MSPmentor finds answers at Autotask Community Live.

Joe Panettieri, Former Editorial Director

June 3, 2013

1 Min Read
Autotask CEO Mark Cattini We dont need to go public  but we could if we wanted to
Autotask CEO Mark Cattini: We don't need to go public -- but we could if we wanted to.

Autotask CEO Mark Cattini says the cloud-based business management software provider could go public right now if it chose to do so. In fact, Autotask has met with bankers as part of an exploratory process and valuation discussions. But is an IPO (initial public offering) coming?

Not at the moment. During an hour-long discussion with MSPmentor that covered dozens of topics, Cattini said there’s no near-term need for Autotask to raise more money through more venture funding or an IPO.

Speaking hypothetically, he noted that Autotask would be “at the smaller end” compared to other SaaS-based companies that have gone public in recent years. But, some IPOs from recent years have involved even smaller businesses, he added.

Still, Cattini said Autotask’s investors remain patient and have a long-term view. In fact, Cattini said it’s not time yet for the company’s early investors to cash in any chips with a potential IPO.

Read more about:


About the Author(s)

Joe Panettieri

Former Editorial Director, Nine Lives Media, a division of Penton Media

Free Newsletters for the Channel
Register for Your Free Newsletter Now

You May Also Like