SimpliVity Planning A 2016 IPO

SimpliVity, a software startup that helps companies manage their hardware, is reportedly planning to IPO in the first quarter of 2016.  CEO Doron Kempel said in an interview that the six-year-old company is leaning toward Morgan Stanley as an underwriter.  SimpliVity was last valued at over $1bn in March and has raised $276m in total capital.  Investors in the company include Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers Growth, Waypoint Capital and Meritech Capital Partners.

SimpliVity is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme.