Zendesk files for IPO, announces acquisition of Singapore-based Zopim

By Staff Reporter

Apr 10, 2014 01:53 PM EDT

Customer service software manufacturer Zendesk has unveiled its public debut plans. Zendesk has intended to list for an initial public offering and take in a hefty USD150 million new funds, reported Venture Beat.

The Zendesk IPO came after tech giants including Box and Dropbox announced going public. Venture Beat reported that Zendesk’s plan to go public was shown through a standard S-1 document for a listing.

The customer service software maker also made an announcement regarding its purchase of Singapore’s Zopim, a startup providing customer service software support. Financial and other information regarding the deal was left undisclosed, said Venture Beat.

Zendesk was formed in Denmark last 2007. The company said that it has earned more than USD72 million in revenues last year. Zendesk also said that a USD47.5 million gross profit was taken in by the company. In the last three years, the company has turned its revenues to nearly double. According to the S-1 prospectus, the company has not yet priced its IPO listing.

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