Originally posted on Gigaom:
At some indeterminate time, very possibly this year, business intelligence favorite Tableau Software will file for its initial public offering. It continued laying the groundwork for the move on Thursday by announcing accounting and finance specialist Brooke Seawell as the company’s newest board member. When Tableau does file, it will be in good company along with others that were smart enough to ride the twin waves of consumerization and big data.
QlikView (s qlik) — Tableau’s biggest competitor in the next-generation business intelligence space –went public in July 2010 and is currently trading at about $30 a share after starting at around $15. In 2011, it brought in $320.6 million in revenue from more than 24,000 customers, almost a third of that in the fourth quarter alone. In January, Splunk, a software company that makes it easy to parse through, analyze and visualize server logs and machine-generated data, filed for its IPO and hopes to raise $125 million. Splunk closed its fiscal year 2011 with $66.2 million in revenue, nearly doubling annual sales over each of the past two years.