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IPO Profile: Imprivata Inc

Company Details

Location: 10 Maguire Road, Lexington, Massachusetts 02421

Phone: (781) 674-2700

Website: http://www.imprivata.com

Business Description: Develops software platforms that authenticate online users for security.

Investment & Return Details

VC backers: General Catalyst Partners LLC, Highland Capital Partners LLC, Polaris Partners

Investment Dates: 02/22/2002, 06/25/2004, 05/10/2005, 01/18/2006, 12/10/2007, 03/20/2008

Total Funding To Date (USD Mil): $49.5

Value of VCs’ shares at IPO price (USD Mil): $301.38

Total return to VCs at IPO price: 6.09x

Shares Beneficially owned by VCs at Offering:

  • General Catalyst Partners LLC: 6,697,623
  • Highland Capital Partners LLC: 6,697,623
  • Polaris Partners: 6,697,623
  • Total: 20,092,869

Value of VC shares at IPO price (USD Mil):

  • General Catalyst Partners LLC: $100.46
  • Highland Capital Partners LLC: $100.46
  • Polaris Partners: $100.46
  • Total: $301.38

IPO Details

Primary Exchange: NYSE

Ticker: IMPR

Time to Exit (Years): 12.3

Date Filed: 03/31/2014

Date Issued: 06/24/2014

Offer Price (USD): $15.00

First Day Closing Price (USD): $16.25

No. of Shares Offered + Overallot Sold All Mkts: 5,750,000

Proceeds Amt + Overallot Sold All Markets (USD Mil): $75.00

Post Offer Value (USD Mil): $353.49

Issuer’s Legal Advisor: Goodwin Procter LLP

Book Runner: JP Morgan & Co Inc, Piper Jaffray Cos

Co-Managers: Stephens Inc, Wells Fargo Securities LLC, William Blair & Co

Source: Thomson Reuters and company prospectus