Palo Alto Networks, a security software company, has filed its S-1 for a public offering, aiming to raise as much as $175 million. The company was rumored to be in the process of filing earlier this year.
Founded by Nir Zuk, the company develops enterprise-grade firewalls for companies that give visibility and granular policy control of applications and content, through hardware and software technologies. Companies can gain visibility into all traffic and all applications, maintaining the security of internal data and applications. For example, the company’s firewall will scan for viruses, spyware, data leakage and other application vulnerabilities in realtime.
For the fiscal years 2009, 2010, and 2011, Palo Alto Networks saw revenues of $13.4 million, $48.8 million, and $118.6 million, respectively. Sales grew 265% in 2010 and 143% in 2011. For 2009, 2010, and 2011, the company saw losses of $19 million, $21.1 million, and $12.5 million, respectively…
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