Productivity firm Zoho on benefits of staying private : vima

Productivity firm Zoho on benefits of staying private


The productivity software company Zoho has never taken outside funding and plans to stay private.
Zoho chief strategy officer Vijay Sundaram says the company can more easily take a long-term view.
Zoho currently competes against software giants like Atlassian and ServiceNow.
The 25-year-old productivity tool company Zoho believes that staying private has been one of the keys to its success — and doesn't have any ambitions for an IPO. 
Zoho, along with its IT service management division ManageEngine, offers a suite of productivity and business applications and competes against public software giants like $57 billion market cap Atlassian and $95 billion market cap ServiceNow. Unlike those competitors, which raised $522 million and $269.28 million from investors, respectively, before going public, Zoho has never taken outside investment. 

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