ForeScout hopes to replicate cybersecurity peers' IPO success

New York

IN the six months since Mike DeCesare took over as chief executive of ForeScout Technologies Inc, he's been busy getting the cybersecurity company ready to go public.

Founded by three Israeli entrepreneurs in 2000, ForeScout specialises in network access control, or monitoring the profusion of smartphones, tablets and laptops that connect to computer networks and making sure they're free of malware. Mr DeCesare, a former president at McAfee Inc, has been courting investors and recruiting high-profile tech executives to his board in preparation for a listing in 2016. He expects revenue to reach US$150 million this year, the third year of 50 per cent growth.