Deals
ForeScout Hopes to Replicate Peers' IPO Success
- Company says bookings will grow 50% this year to $150 million
- Cybersecurity company has raised almost $80 million to date
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In the six months since Mike DeCesare took over as chief executive of ForeScout Technologies Inc., he’s been busy getting the cybersecurity company ready to go public.
Founded by three Israeli entrepreneurs in 2000, ForeScout specializes in network access control, or monitoring the profusion of smartphones, tablets and laptops that connect to computer networks and making sure they’re free of malware. DeCesare, a former president at McAfee Inc., has been courting investors and recruiting high-profile tech executives to his board in preparation for a listing in 2016. He expects bookings to reach $150 million this year, the third year of 50 percent growth.