Sergiy Serdyuk - Fotolia
Hyper-converged storage provider Nutanix has filed for its IPO, with the aim of going public in early 2016.
The firm, which provides turnkey data centre infrastructure, lodged the appropriate forms with the US SEC yesterday.
Nutanix anticipates generating $200m (£135m) from the offering; however, the loss making business knows that its got its work cut out to make it as a publicly traded company.
The San Jose-based firm has seen phenomenal growth over the past couple of years. Revenue stood at $241.4m in the year ended July 31 2015, a 700% increase over a two year period. However, losses are also on the rise, with the firm reporting that it was $126.1m in the red in its most recent financial year.
“We have a history of losses and we may not be able to achieve or maintain profitability in the future,” the firm said in the S-1 filing.
However, Nutanix said that it was confident in its growth strategy, placing a strong emphasis in its channel efforts.
“We have driven strong engagement and initial commercial success with several major resellers and distributors,” the filing read. “We have established original equipment manufacturer, or OEM, partnerships with Dell Inc. and Lenovo PC HK Ltd., and believe that OEMs can augment our routes to market to accelerate our growth.”
“We believe there is a significant opportunity to grow our sales with our partners. As a result, we are investing aggressively in sales enablement and co-marketing with our partners, and attracting and engaging new channel and OEM partners around the world.”
Nutanix is generally regarded as a pioneer in the hyper-converged space. It’s managed to win some big clients including Nintendo, Toyota and Yahoo! Japan. However, it’s starting to feel the pressure from larger vendors, several of which are making power plays in the hyper-converged space.