Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More
Cloud Security company Qualys is up 18 percent in after hours trading. The company debuted on the NASDAQ today, with a slow start ending in an 11 percent climb.
CloudBeat 2012
is assembling the biggest names in the cloud’s evolving story to learn
about real cases of revolutionary cloud adoption. Unlike other cloud
events, customers — the users of cloud technologies — will be front
and center. Their discussions with vendors and other experts will give
you rare insights into what really works, who’s buying what, and where
the industry is going. Register now and save 25
percent! The early-bird discount ends September 14.
Qualys creates security software that protects “the cloud,” or the vast amount of content and applications people use and store on the Internet today. Specifically, the company deals with enterprises that need to control thousands of employees’ devices and online activities. It watches over and provides analysis on application use, like Dropbox and Facebook; device use; and ensures that employees all follow the company’s IT policies.
Qualys offered 7,575,000 shares of its common stock and priced them last night at $12 a share. The stock can be found on the NASDAQ under the ticker symbol QLYS. It closed up at $14.36 a share today.
Event
Transform 2023
Join us in San Francisco on July 11-12, where top executives will share how they have integrated and optimized AI investments for success and avoided common pitfalls.
It follows firewall security company Palo Alto Networks’ IPO in July as the most recent security company to go public. Palo Alto Networks jumped as high as 31 percent on its opening day.
Qualys’ IPO, along with Palo Alto Networks, shows the growing need for companies that specialize in protecting the cloud. It’s becoming almost impossible to tell employees they can’t use smartphones or applications. They are becoming tools in their own right that help employees stay productive. If you can’t beat them, join them, and protect them with your own company policies.
Image via Qualys
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.
