Cloud-Based Tech Companies Are Hot IPO Candidates (Infographic) One in five companies that went public in 2013 were software-service companies. Here's a look at some of the highlights from last year and some of the early-bird winners of 2014.
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The cloud is raining money these days.
Approximately one in five companies that went public in the U.S. in 2013 were related to SaaS, or software as a service, according to this infographic created by venture capital firm Inventus Capital Partners. For the purposes of this infographic, SaaS companies rely on cloud-based technologies, or those whose infrastructure is Internet-based, not dependent on any hardware.
Some of the biggest SaaS IPOs last year include online coupon company RetailMeNot, biotech cloud software company, Veeva, and e-commerce company Zulily, selling clothes and home goods targeted at moms and children.
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Take a look at this infographic for facts on the average size of SaaS companies that went public in 2013 and a few 2014 highlights. Note: All the statistics in the infographic are for U.S. IPOs, except where noted.
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