Optiv Security is looking to make a big splash in 2016, according to a report that said the security solution provider superstar is in talks for an initial public offering in the coming months.
The report, published in Bloomberg on Wednesday, said the Denver-based solution provider has hired Goldman Sachs and Morgan Stanley to pursue the IPO.
Citing unnamed sources, Bloomberg said the IPO could happen as soon as the second half of 2016, but timing is dependent on market and investor conditions.
[Related: Optiv Security Bets Big On Identity And Access Management Market With Advancive Acquisition]
CRN sources had also said in recent months that an IPO might be in the works at the solution provider.
Optiv has not yet responded to CRN requests for comment on the report.
Optiv took the channel by storm in early 2015 when it closed a merger between security powerhouses Accuvant and FishNet Security. The combined companies created a $1.5 billion security behemoth, which assumed the name Optiv in April 2015.
Optiv is primarily owned by private equity firm Blackstone Group, which had previously owned Accuvant.
Since then, Optiv has been on a high-growth trajectory, reaching $2 billion by the end of 2015. Most recently, the solution provider revealed the acquisition of identity and access management consultant Advancive.
The company has also homed in on specific security business lines, launching dedicated practices for securing critical infrastructure and health-care organizations in March. This adds to the company's practice focused on financial services, launched in September.
The IPO rumors come on the heels of another cybersecurity company's jumping into the public market: Earlier this week, Dell SecureWorks officially filed for its initial public offering, at a valuation up to $1.42 billion.
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