BladeLogic Prices IPO to Raise $75 Million - Lexington, MA

BladeLogic, a Lexington-based developer of data center automation software, has priced its initial public offering to raise a total of $75 million. The company sold 5 million shares priced at $17 per share. Two weeks ago the company had indicated it expected to price the offering at between $12 and $14 a share. BladeLogic offers data center management software for provisioning, change, administration and compliance across complex, distributed server and application environments. The company's revenue in the six months ended in March 2007 was $27.1 million, compared to $12.2 million for the six months ended March 2006, an increase of 122%. Its loss in the six months ended March 2007 was $200,000, compared to $4.1 million for the six months ended March 2006.

http://www.bladelogic.com