Salesforce.com to go public
SF-based Salesforce.com plans to raise $115 million in an IPO according to its filing with the SEC according to this Wall Street Journal story (subscription required):
Salesforce makes software for tracking customer accounts and automating the sales process. Unlike most business-software makers, the company, founded in 1999, doesn't sell its software as a product. Rather, it manages the technology in its own data centers. Subscribers pay a monthly subscription fee, and connect to their data through the Internet. In its filing, Salesforce claims 8,000 customers and more than 110,000 paying subscribers.