BladeLogic IPO Priced at $17 a Share

Data center automation software provider BladeLogic Inc. today priced its initial public offering at $17 per share, well above the $12 to $14 range projected in the company’s prior SEC filings. The company plans to sell 5 million shares, which would value the IPO at about $85 million. Bladelogic will trade on NASDAQ under the symbol BLOG.

The Waltham, Mass. company’s IPO may benefit from increased interest in data center automation technologies in the wake of HP’s $1.6 billion acquisition on Opsware on Monday. BladeLogic announced its IPO plans in April. The company has raised $29 million in four rounds of financing from investors including Battery Ventures, Bessemer Venture Partners, Globespan Capital Ventures and MK Capital.

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About the Author

Rich Miller is the founder and editor at large of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.