The network security firm ForeScout filed for an IPO on Monday after nearly two years of speculation and reporting that the company, valued at $1 billion, would do just that. Details of the IPO, including the exact date, remain undetermined. The company submitted its S-1 form with the SEC on Monday. The company will be listed on NASDAQ as FSCT. F ForeScout targeted a $100 million goal for the IPO in the SEC filing. Based in San Jose, the company sells network visibility, control and security products to government and enterprise customers. Revenue hit $166.8 million in 2016, a 32 percent jump from the previous year. Gaining full visibility and control of a big network is a foundational challenge for enterprises today who face not just a fast-evolving set of threats but also a whirlwind of devices that make knowing and controlling an entire network a massive challenge. Companies like Illumio, another $1 billion […]
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