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GFI Software postpones IPO

November 22, 2013

GFI Software, which provides collaboration and remote IT management software to small businesses, postponed its IPO on Friday citing poor market conditions. The Luxembourg-based company was founded in 1999 and booked $152 million in sales for the 12 months ended 9/30/2013. GFI Software initially filed confidentially on 4/20/2012. J.P. Morgan, Credit Suisse and Jefferies & Co. were set to be the joint bookrunners on the deal.