Nutanix Garners $237,920,000 New Round

  • Feed Type
  • Date
    9/29/2016
  • Company Name
    Nutanix
  • Mailing Address
    1740 Technology Dr. San Jose, CA 95110 USA
  • Company Description
    Nutanix (NASDAQ: NTNX) is leading the charge in shrinking the virtualized data center through convergence of storage and compute tiers, driving out the cost and complexity associated with network storage. Nutanix’s revolutionary appliance provides enterprise-class compute and storage capabilities for virtual servers and virtual desktops.
  • Website
    http://www.nutanix.com
  • Transaction Type
    IPO
  • Transaction Amount
    $237,920,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The principal purposes of this offering are to increase our capitalization and financial flexibility, to create a public market for our stock and thereby enable access to the public equity markets for our employees and stockholders, to obtain additional capital and to increase our visibility in the marketplace. We currently intend to use the net proceeds we receive from this offering primarily for capital expenditures, and for general corporate purposes, including working capital, sales and marketing activities, research and development and general and administrative matters, although we do not currently have any specific or preliminary plans with respect to the use of proceeds for such purposes. In addition, we may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, products or businesses that complement our business, although we have no present commitments or agreements to enter into any material acquisitions or investments. We wi
  • M&A Terms

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