HarbourVest-backed software company Kinaxis files IPO

Kinaxis Inc has filed a preliminary prospectus with Canadian securities regulators concerning a proposed initial public offering and secondary offering of its common shares. The IPO was previously reported by the Wall Street Journal, which quoted sources saying that Kinaxis intended to raise more than $100 million. The Ottawa-based company is a provider of cloud-based subscription software. Founded in 1984, it has been backed by Canadian and U.S. venture capital and private equity firms, including GE Capital, Intel Capital and TechnoCap. Kinaxis is currently a portfolio company of HarbourVest Partners.

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