UPDATED 08:24 EDT / APRIL 29 2013

NEWS

LIVE: Tableau IPO Looks To Cash In On Big Data Boom

Tableau Software has finally hit the big time, with reports suggesting that it’s about to hold its initial public offering (IPO), following a trend among Big Data companies looking to benefit from public stock markets and the investments they bring. Tableau’s move comes just weeks after similar moves by Splunk, which announced its IPO last April, and Workday, which IPO’d in October and has more than doubled its initial $28 price since.

A Big Data visualization company that boasts more than 10,000 customers, Apple, Coca Cola and Facebook among them, Tableau’s S-1 filing with the Securities and Exchange Commission reveals that the company is expecting to raise as much as $150 from its IPO, which is likely to happen in the summer. It’s not difficult to see why Tableau is being so confident – last year, the company posted revenues of $127.7 million, up from $62.4 million the year before. Contrast this to the poor performance of consumer internet firms like Facebook, Zynga and Groupon following their own IPOs, and its clear why investors would find Tableau’s business-subscription model a more appealing bet.

In other news this morning, Microsoft has let slip its plans for a rebranding of its Bing, Skype, Yammer and Xbox brands, just a year after freshing up its Windows, Office and Microsoft brand logos. The move is part of a “re-imagining” of Microsoft, according to the company’s design studio general manager Albert Shum. It’s not clear when Microsoft is planning to introduce the new designs, but a video clip from a recent ‘Design Day’ event in Norway reveals a new paper aeroplan-esque Bing logo, alongside designs that appear to be future representations of the Skype and Yammer brands.

Also from Microsoft, we’re hearing rumors of a slew of new social media features for its next Xbox games console, set to be released next month. The biggest change will come to video-sharing, with sources from the Redmond firm telling Polygon that gamers can look forward to a “next-generation approach” (whatever that means), alongside expanded social networking and anti-piracy features.

On this morning’s edition of Live NewsDesk, presenter Kristin Feledy will be hooking up with special guests Abhishek Mehta, founder of Trestata, and SiliconANGLE’s Contributing Editor John Casaretto to discuss the impact of this morning’s news. Will Tableau’s IPO follow in the footsteps of Splunk and Workday, or is it destined to nosedive like Facebook? Does anyone care about Microsoft’s continued rebranding? And what will Xbox gamers make of the new social features?

Find the answers to all these questions and more on today’s Live NewsDesk:


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