A Tableau IPO could validate the big data visualization push — or not

Gigaom

When Tableau Software’s IPO actually happens, it could validate — or poke a hole in — the hype bubbling up around data visualization, a market segment some experts predict will hit $51 billion within three years.

Tuesday, Seattle-based Tableau filed for an IPO with an initial “placeholder” value of up to $150 million. Unlike many tech companies going this route, Tableau is profitable, with net income of $2.7 million in 2010, $3.4 million in 2011, and $1.6 million in 2012. Its revenue more than doubled last year to $127 million. It also boasts an impressive customer list including Bank of America, Barclays, Pfizer, Goldman Sachs and others.

Total venture funding for the company, which will trade on the NYSE under the ticker symbol “DATA,” stands at $15 million in two rounds, both from NEA.

Tableau is not the first new-look data visualization company to go public.  Competitor QlikView went public…

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Posted on April 3, 2013, in Managed Services. Bookmark the permalink. Leave a comment.

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