Aprimo Cancels IPO

Aprimo Inc., an Indianapolis-based provider of marketing software and services, has withdrawn registration for its $50 million IPO. It had planned to trade on the Nasdaq under ticker symbol MKTG, with Morgan Stanley and Thomas Weisel serving as co-lead underwriters.

 

The company has raised around $47 million in VC funding since 1998, from firms like Sigma Partners (35.2% pre-IPO stake), First Analysis Corp. (17.3%), Frazier Technology Ventures (5.4%), Blue Chip Venture Co., JEGI Capital and PricewaterhouseCoopers Venture Partners. www.aprimo.com