Egnyte hits a wall

Egnyte, an active file collaboration cloud player, hits a wall confirming its difficulties to validate a next phase such as an IPO. The company who is very confidential never succeeded to gain visibility and this fact illustrates its niche player status for a long time. And the trajectory is obvious, the company finally found a financial exit with a strategic investment with GI Partners and TA Associates. They will try to monetize their investment with an IPO or a sale to a bigger company but $1.5 billion is very high, too high.