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IPOs

Roamware Preps for IPO

Roamware Inc. , the roaming and mobile financial services solutions firm with more than 500 operator customers, is laying the groundwork for a listing on the public markets, with the appointment of a new, experienced CFO as the latest move toward an IPO. (See Roamware Upgrades Platform.)

"An IPO is on the cards, but a definite timeline has not been set yet," Roamware Marketing Director Srinivas B Vijayaraghavan told Light Reading Mobile in an emailed response to questions. The company, he added, is "just putting the building blocks in place."

The new CFO is Neil Laird, who has 10 years' experience as the CFO of publicly traded companies.

Roamware won't share any details about how much it has raised from its backers, which include Accretive Technology Partners, DCM - Doll Capital Management and Shelter Capital Partners .

Its most recent announced round was in 2005, when it banked $14 million. Following that, it received a "strategic investment" (amount not revealed) from T-Mobile Venture Fund . (See T-Mobile Invests in Roamware and Roamware Scores $14M.)

Other recent IPO-related news includes:

— Ray Le Maistre, International Managing Editor, Light Reading

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