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Software company E2open files for $86 million US IPO

February 20, 2012

E2open, which provides on-demand software to support businesses' trading networks, registered with the SEC on Friday for an $86 million initial public offering. The Foster City, CA-based company, which was founded in 2000, booked $61 million in revenue and $4 million in net income for the twelve months ended 11/30/2011. Venture capital firms Crosspoint Venture Partners, JK&B Capital, Invesco Private Capital and B&M Ventures own 39% of shares prior to the offering. The ticker and exchange were not announced in the filing. BofA Merrill Lynch is the lead underwriter on the deal.