Kaseya CEO Gerald Blackie says the company has no debt, no venture capital and absolutely no plans to pursue an initial public offering (IPO). Why stay private in the rapidly expanding managed services market? Blackie provided some thoughts June 1 during a poolside chat with me at the Kaseya User Conference.
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Kaseya CEO Gerald Blackie: We Won’t Go Public
Posted June 2nd, 2008 by Joe Panettieri
Software as a Service Stocks: What Went Wrong?
Posted March 20th, 2008 by Joe Panettieri
Ironically, one of the hottest technology trends — software as a service (SaaS) — has been burning investors on Wall Street. As a group, SaaS stocks are down 30 percent year to date, a far worse showing than the DOW (down about 9.74 percent) and the Nasdaq composite index (down almost 18 percent), according to SeekingAlpha.com.
NetSuite IPO: Worth Watching
Posted December 10th, 2007 by Joe Panettieri
Managed service providers should keep a close eye on NetSuite this month. The hosted accounting software provider is launching its initial public offering on our about December 20. NetSuite’s performance on Wall Street could provide some clues about the evolving software-as-a-service landscape.
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