5/30/2023 0 Comments Code42 stanfordWe could go public at our size, but we’d like to be larger … more than $150 million.” That will be a milestone and it’s within our control to grow fast enough. When we do, the easiest way to return capital is to go public. “We don’t have to return any capital soon. “We do have investors who expect a return on capital. “Our goals are not financial but to be the world’s best at what we do,” Payne said. If things play out and the capital markets stay friendly, Payne anticipates taking the 15-year-old company public in an initial public offering of stock within 24 months. CEO Joe Payne, the veteran marketer and technologist who has led fast-growing Code42 for two years, shared the company’s strategy shift last week.ĭouble down on the backup-and-security software for thousands of business customers with an expansion of new products that will double revenue to $100 million-plus this year.
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