Tech firm adds pieces

San Jose-based Nutanix scoops up two startups; possible sign it’s ready to take IPO plunge

SAN JOSE — Amid heightened speculation over when it will go public, cloud computing company Nutanix is scooping up two startups.

On Monday, the San Josebased company announced that it has agreed to acquire data storage company PernixData, and has closed a deal to buy automation startup Calm.io. The news comes as rumors are swirling that a Nutanix initial public offering may be on the horizon. If true, Nutanik would join the few Silicon Valley tech companies to brave an IPO in what has been an especially slow year.

Nutanix did not reveal financial details of either deal, but said the acquisitions will contribute to the company’s goal of delivering a simple and automated enterprise cloud

$200 million Value of IPO that Nutanix filed for in December $345 million Company’s accumulated deficit in January 20% Average rate of billing growth for Nutanix per quarter

platform.

“We are proud to welcome PernixData and Calm.io, two like-minded, like-spirited and like-willed teams into our family and I can’t wait to see what’s next,” Nutanix Chief Product and Development Officer Sunil Potti wrote in a company blog post.

Nutanix filed for a $200 million IPO in December, and analysts expected it to be one of the first offerings out of the gate in early 2016. Then the market took a turn for the worse early this year, all but extinguishing the appetite for Silicon Valley tech IPOs, and Nutanix delayed its public market plans. But the market appears to be making a slow comeback following several successful recent tech IPOs.

Analysts at Renaissance Capital, which manages IPO-focused exchange-traded funds, predict a Nutanix IPO will come next month. The company’s road show, during which management will present stock to potential buyers before pricing an offering, could begin right after Labor