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Presidio COO Talks IPO Aftermath, M&A Strategy Ahead And 'Juggernaut' Cisco
Presidio COO: IPO Is 'Just The First Step'
Solution provider powerhouse Presidio became a publicly traded company on Friday, with the company's shares slightly rising throughout the day.
"For Presidio, it's a great day," said David Hart, COO of Presidio, in an interview with CRN. "But it's just the first step."
The New York-based solution provider, ranked No. 22 on CRN's 2016 Solution Provider 500 list, priced 16.7 million shares at $14 and raised $233 million by investors, which it will spend on paying down the company's $1 billion debt.
Hart talks to CRN about the company's IPO price range, its OEM relationships and the importance of Presidio's scale in today's complex IT environment.