The business analytics technology provider, which has raised $590m from investors including Salesforce and WPP, is working with banks to ready itself for an offering.

Domo, a US-based business analytics technology provider that counts enterprise software producer Salesforce.com as an investor, is preparing an initial public offering, Bloomberg reported on Tuesday, citing people familiar with the matter.

Founded in 2010 as Shacho, Domo has developed what it calls an operating system for your business, a cloud-based, open-source platform that combines data analytics with visualisation tools to help companies run their businesses more effectively.

Josh James, Domo’s founder and CEO, revealed last year that the company…

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