Casa Systems Lines Up an IPO

Ray Le Maistre
News Analysis
Ray Le Maistre, Editor-in-Chief
6/26/2015



With the consistent growth and profitability boxes ticked off on the IPO checklist, cable broadband vendor Casa Systems is ready to join the public markets, the CEO has told Light Reading in an exclusive interview.

Talking with Light Reading founder and CEO Steve Saunders about his IPO plans, Casa Systems Inc. CEO Jerry Guo noted that the company is "preparing for it and making ourselves ready," and that while his investors are not pressuring him to take the company public, "that's really their plan." (See CEO Chat With Jerry Guo, Casa Systems.)

Casa's investors are Summit Partners and Liberty Global Inc. (Nasdaq: LBTY). (See Summit Partners Pours $96M Into Casa Systems.)

The CEO would not discuss any timings or other details but noted that the investment banks he has been in touch with about market conditions have noted that "the public market is very friendly to good technology companies right now."

Guo added: "We have all the right ingredients for a successful IPO. We have very high growth rate. That's very rare, even compared to other successful big companies. And we are cash flow positive, and not too many of them are like that."

Casa's growth and financial opportunities are directly linked to demand for CCAP, a high-density system that combines the functions of the cable modem termination system (CMTS) and edge QAM in the cable headend. Casa is one of the top three vendors in that growing market, alongside Arris and Cisco. (See CCAP Drives Cable Capex and Cisco Rolls Out New CCAP Chassis.)

In the interview, Guo compares his company's technology to its rivals, the convergence of fixed and mobile broadband technology platforms, his long-terms future plans for Casa and his Maserati. Read the full interview here.

Ray Le Maistre, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

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