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Zerto, founded in 2009 and headquartered in Boston, Massachusetts, is a leading provider of cloud data management and protection solutions. The company offers a software-only platform that simplifies the protection, recovery, and mobility of applications both on-premises and in the cloud. Zerto's services are particularly popular in sectors such as financial, government, healthcare, and legal industries, as well as among managed service providers.
Since its inception, Zerto has made significant strides in the tech industry, raising a total of $183.4 million in funding. This substantial investment underscores the confidence that investors have placed in Zerto's innovative approach to data management and protection.
In July 2021, Zerto was acquired by Hewlett Packard Enterprise, marking a significant milestone in the company's journey. This acquisition has likely impacted any potential plans for an initial public offering (IPO) that Zerto may have had. As a result of this acquisition, it's unlikely that Zerto will pursue an IPO in the near future.
Given the current circumstances, we don't have any concrete information about Zerto's IPO prospects. The company's status as a subsidiary of Hewlett Packard Enterprise means that any decision regarding going public would likely be made at the parent company level. Investors interested in gaining exposure to Zerto's technology and growth potential may consider exploring investment opportunities in Hewlett Packard Enterprise instead.
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While Zerto's IPO prospects remain uncertain, investors interested in the data protection and disaster recovery sector don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Zerto, with lower minimum investments than traditional private equity channels. This allows you to diversify your portfolio and potentially benefit from the growth of innovative companies in the tech space before they hit the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.