Healthcare authentication and communication company Imprivata, which has raised $32m from investors including SAP Ventures, aims to generate up to $115m from its initial public offering.
US-based Imprivata, a SAP-backed provider of authentication and security services for hospitals, has filed for an initial public offering that could raise up to $115m.
SAP Ventures, the corporate venturing unit of software company SAP, led Imprivata’s $15m series C round in 2008 but owns less than 5% of the company’s stock. Venture capital firms Polaris Partners, Highland Capital Partners and General Catalyst Partners each hold 25.3% of Imprivata having invested in a $12m round in 2006 and a $5m…
