Data integration software company Talend files to raise $86 million in IPO

Talend, a startup with data integration software that simplifies the process of aggregating multiple data sets for later analysis, today filed to raise $86 million in an initial public offering (IPO).

Lead underwriters include Goldman Sachs, J.P. Morgan, Barclays, and Citigroup.

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In an interview with VentureBeat in February 2014, Talend CEO Mike Tuchen said that the company could go public “sometime in the next couple of years.”

The company intends to trade on the NASDAQ under the symbol TLND. Competitors include Informatica and Tibco, as well as more traditional enterprise software vendors like IBM, Microsoft, Oracle, and SAP.

Talend customers include AOL, Citi, GE Healthcare, Groupon, Lenovo, Orange, Sky, and Sony.

The company had a $22 million net loss in 2015 after generating $75.96 million in revenue, up 21 percent year over year, according to today’s filing. In the first quarter of this year, Talend produced a $5.2 million loss on $22.7 million in revenue, up 33.5 percent year over year. For that quarter, 84 percent of the revenue derived from subscriptions; the rest resulted from professional services.

The news of Talend’s IPO plans comes just days after cloud communications provider Twilio made its debut on the New York Stock Exchange. That happened just hours after the United Kingdom voted to leave the European Union, causing many technology stocks to plummet.

Talend started in 2005 and is headquartered in Redwood City, California. The company had 566 employees as of March 31. Investors include Bpifrance, Iris Capital, Silver Lake Sumeru, Balderton Capital, and Idinvest Partners.

The company offers cloud and on-premises versions of its software, which supports the Hadoop open-source big data software and is based on the open-source Apache Camel.

Update on June 29: Corrected year over year growth figures.s

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