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Home > Local Business News > Mass High Tech > Gomez files to go public with $80M IPO

Gomez files to go public with $80M IPO

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Web application monitoring and management software maker Gomez Inc. has registered to file a $80.5 million initial public offering.

The Lexington-based company plans to trade on the Nasdaq under ticker symbol GOMZ, according to documents filed with the U.S Securities and Exchange Commission.

Gomez, founded in 1997, reported a 2007 net loss of $2.3 million on revenue of $32.6 million. The company has taken in more than $66 million in equity investment, from firms including Dolphin Equity Partners, AdAstra, Doughty Hanson & Co. and ABS Ventures.

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Last year, Gomez acquired for an undisclosed amount San Francisco-based BrowserCam to solidify its offerings for cross-platform web experience testing.

In February 2007, Gomez reported reaching an agreement to acquire for an undisclosed amount Switzerland-based Sysformance AG, a privately held Internet performance monitoring company founded in 1999 under the name of SysControl AG.

Gomez becomes just the fourth New England technology company seeking to go public in 2008, behind Woburn firms LogMeIn Inc., which filed for an $86 million IPO in January, and BioTrove Inc., which is targeting $75 million in its April offering, as well as Salient Surgical Technologies Inc. of Dover, N.H., which wants to raise $86 million with its IPO.


© 2008 American City Business Journals, Inc. All rights reserved.



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