Active Network Preparing IPO

Bruce V. Bigelow9/2/10

The San Diego-based Active Network, a Web-based services company that provides everything from online campground reservations to registration for softball leagues and marathons, is now “quite far along in discussions with bankers,” according to a report in VentureWire. CEO Dave Alberga says the venture-backed Active Network generated $244 million in revenue last year, and bookings of $1.2 billion. The company, which was founded in 1998, tried to go public in 2004, but unfavorable market conditions prompted it to withdraw its IPO.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788