Nimble Storage Closes $40.7M Funding Round, Plots IPO

By Joseph F. Kovar
September 10, 2012 4:04 PM ET

Page 2 of 2

Nimble Storage for now is not cash-flow positive, as it has been focusing on growing its sales as quickly as possible. However, Nimble Storage’s Leary said, operations have been getting more efficient, and the company is on the road to profitability.

Nimble Storage is also on the road towards an IPO, either during the second half of 2013 or the first half of 2014. "It depends on things like how favorably the stock market is looking," he said. "Things that are not under our control."

PUBLISHED SEPT. 10, 2012

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