David Harris of the Boston Business Journal is reporting a shakeup at Boston-based collaboration connectivity services company LogMeIn, as its chief financial officer, Jim Kelliher, is departing the company and moving to Waltham-based virtualized data management company Actifio.As CB Insights reports in its IPO Pipeline Report, which was released today, Actifio is one of the companies that many expect to go public in 2015. The company has earned the “unicorn” designation as a private company valued at over $1 billion (a valuation that came with its recent $100 million round of funding).
Kelliher, has been in the CFO role at LogMeIn since 2006, and oversaw the company’s 2009 IPO. Harris reports that Edward Herdiech, who is currently the company’s senior vice president of finance and principal accounting officer will step into the role in January.
Kelliher’s resignation and move to become Actifio’s chief finance officer one of the first distinct steps for Actifio as it moves toward its long rumored IPO. Having an experienced executive who has already led one company successfully through the initial public offering process is as public announcement as is legally possible of Actifio’s 2015 intentions.
Actifio is not alone in its push go public in 2015. The CB Insights 2015 IPO Pipeline Report also marked Applause and DataXu to go public next year; many also expect to see IPOs from Veracode and Acquia sometime in 2015.
