They want an IPO. Following is from techcrunch Sep. 2012:
Zendesk founder and CEO Mikkel Svane sat down with us to talk about the funding, explaining that the new round will be primarily used for international expansion and product innovation. The company is also preparing for an IPO in the future, but doesn’t yet have a timeline for the offering. “An IPO is the goal,” says Svane. And monthly recurring revenue has grown five-fold since 2010 for the company. While Zendesk’s bread and butter has been catering to small to medium sized businesses, of late, the company has been pulled into a number of large enterprise deals, Svane says.
Zendesk founder and CEO Mikkel Svane sat down with us to talk about the funding, explaining that the new round will be primarily used for international expansion and product innovation. The company is also preparing for an IPO in the future, but doesn’t yet have a timeline for the offering. “An IPO is the goal,” says Svane. And monthly recurring revenue has grown five-fold since 2010 for the company. While Zendesk’s bread and butter has been catering to small to medium sized businesses, of late, the company has been pulled into a number of large enterprise deals, Svane says.