ServiceNow last year hired former DataDomain Inc. chief executive Frank Slootman to be its CEO.
Allan Leinwand, CTO of platform development at ServiceNow and a Zynga alum, generally agreed.
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Even with lower price points, ServiceNow is still able to generate substantial cash flows.
Well, ServiceNow quickly caught on with customers as revenues have doubled every year since 2004.
His next gig is the CEO spot at ServiceNow, which is in the red-hot cloud space.
Yes, the space has been red hot as seen with IPOs like ServiceNow (NYSE:NOW) and Splunk (NASDAQ:SPLK).
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To this end, he has taken the CEO spot at ServiceNow, which provides IT management tools.
ServiceNow shares are trading higher after hours Wednesday after the cloud-based IT services company posted better-than-expected Q4 results.
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Others such as Splunk, ServiceNow and Palo Alto Networks have done relatively well riding the larger move towards cloud computing.
But enterprise software companies have been an IPO bright spot, with Splunk, ServiceNow, Palo Alto Networks and others performing relatively well.
Global enterprises are aggressively adopting cloud solutions, as seen with the huge success of companies like Workday (NYSE:WDAY) and ServiceNow (NYSE:NOW).
When we called Fred Luddy, (at the time) the CEO of ServiceNow, he was getting calls from every venture firm under the sun.
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In the last year, software companies like Splunk, Workday and ServiceNow have all had successful IPOs and have remained well above their debut prices.
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The top tech IPOs in 2012 in descending value were Facebook, Workday, ServiceNow, Palo Alto Networks, Splunk, Vantiv, Kayak, Guidewire Software, Ruckus Wireless, ExactTarget.
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Others such as Splunk, ServiceNow and Palo Alto Networks have done relatively well as investors look for growth in the trend towards cloud computing.
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Overall, there have been just four U.S. IPOs since Facebook's May offering, including the strong debut in late June of software company ServiceNow Inc.
Splunk, ServiceNow and Palo Alto Networks have done relatively well since their public debuts as investors seek out growth in the trend toward cloud computing.
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While consumer Internet IPOs such as Facebook, Zynga and Groupon faltered last year, enterprise companies such as Workday, Splunk, Palo Alto Networks and ServiceNow had strong post-IPO performances.
Companies like Workday, ServiceNow, Salesforce, these companies are doing a great service to the industry, helping people understand that cloud computing is appropriate for a wide array of old functions to the enterprise.
Although a deal expected Friday from ServiceNow Inc. on the NYSE is generating positive buzz, that is largely due to the company's strong revenue growth and its business in a popular niche, cloud-computing services.
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