BlueArc Files for IPO

BlueArc Corp., a San Jose, Calif.-based manufacturer of unified network storage systems, has filed for a $103.5 million IPO. It plans to trade on the Nasdaq or NYSE, with Credit Suisse and Lehman Brothers serving as co-lead underwriters.


BlueArc has raised around $170 million in VC funding since 1999, from firms like Meritech Capital Partners (31.2% pre-IPO stake), Crosslink Capital (20.33%), Morgenthaler Ventures (13.03%), Apax Partners, Weston Presidio, RWI Ventures, Dell Ventures, CTTV Investments, Celtic House Venture Partners, The Parkmead Group and Fort Washington Capital Partners.