Five9, developer of a cloud-based contact center software platform and related management apps, has filed for a $115M IPO under the symbol FIVN. JPMorgan, Barclays, BofA/Merrill, Pac Crest, Canaccord, and Needham are underwriting. (prospectus)
Five9 claims over 2K clients for its platform, including Siemens, Xerox, McKesson, and Comcast. Channel partners include Microsoft, Oracle, and Salesforce (all three offer complementary products), and rivals include on-premise platform providers such as Cisco and Avaya.
The company had 2013 revenue of $84.1M (+32% Y/Y), a net loss of $31.3M, and adjusted EBITDA of -$21.9M. Sales/marketing spend totaled $28.1M, and R&D spend $17.5M.