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Philippe Courtot

You can expect to see another security company on the market tomorrow. Cloud security company Qualys will debut on the NASDAQ Friday under the ticket symbol QLYS.

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The company plans to sell 7,575,000 common stock shares and settled on a round $12 per share, right in middle of its range. Earlier in September, Qualys said it would price between $11 and $13. If Qualys sells all of its shares, it will raise $90,900,000.

The underwriters are the usual suspects, including J.P. Morgan, Credit Suisse, and a number of others.


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Qualys has been around since the dot-com days in 1999. The company’s technology is really coming to light now, however, as cloud security becomes a buzzword in everyone’s mouths. Its technology helps enterprises protect mobile devices that employees may use and the applications they want such as Facebook and Dropbox, as well as handling any “compliance” or regulatory issues. For instance, IT departments can input their company policies into Qualys to ensure employees are following those policies when using their phones and apps.

The company is based in Redwood City, Calif., headed up by chief executive Philippe Courtot (pictured above). Courtot is fairly involved in the security community as a whole, being a repeat speaker at conferences such as Black Hat and RSA. He also leads the Trustworthy Internet Movement, an organization that hopes to bring the brightest minds (and some deep pockets) from around the security industry to basically “fix the Internet.”

In 2011, Qualys brought in $76.2 million in revenue. The company has over 5,700 customers in 100 countries. Qualys joins Palo Alto Networks (PANW), which went public on July 20, 2012, as one of the latest security company IPOs.

Image via Qualys

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