Zscaler, a Lancor client and leading cloud security platform, filed for a $100M IPO this past quarter, with Morgan Stanley leading the offering. The company will trade under the ticker “ZS” on the Nasdaq Global Market and was the first SaaS IPO of 2018. Zscaler has raised about $248M since it was founded in 2008 by investors, who include Lightspeed Venture Partners, CapitalG (formerly known as Google Capital), EMC and TPG Growth.
This news came less than a year after Lancor led the search for Zscaler’s new Chief Financial Officer, Remo Canessa. Canessa is a seasoned CFO who previously led two major IPOs – Santa Clara-based Infoblox in 2012 and Sunnyvale-based NetScreen Technologies in 2001.
Congratulations to Zscaler and Remo for an exciting start to 2018.