BladeLogic IPO Priced at $17 a Share

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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.

About the Author

Rich Miller is the founder and editor-in-chief 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.