Monday, June 11, 2012

GRP Portfolio Firm Qualys Files For IPO

One of the portfolio companies of Los Angeles-based venture capital firm GRP Partners has filed for an IPO, according to a filing with the SEC late Friday. Silicon Valley based enterprise security and compliance software firm Qualys said it is looking to raise up to $100M in its IPO, trading as QYLS. GRP Partners owns around 10.94 percent of Qualys before the IPO; the firm's other co-investor in the company, Trident Capital, owns 27.41 percent. GRP's Yves Sisteron leads the investment in Qualys, and sits on the company's board. The Qualys IPO is being underwritten by J.P. Morgan, Credit Suisse, RBC Capital Markets, Pacific Crest Securities, Bair, JMP Securities, Lazard Capital Markets, and First Analysis Securities Corp.

---