Marlow-based Softcat has revealed plans to float on the London Stock Exchange in what Non-executive Chairman Brian Wallace said is a 'natural step' in the firm's growth strategy. In a statement the company said admission would occur during November.
Softcat has increased its revenue ten-fold over the past ten years, delivering 40 quarters uninterrupted organic revenue growth since 2005.
Its revenue increased from £89.1m for the year ended 31st July 2007 to £596.1m for the year ended 31st July 2015, up from £504.8m the previous year.
The company's leaders believe that the IPO will enhance Softcat's profile and brand recognition with customers, vendor partners and distributors and provide a strategic growth platform.
Wallace said: "The Board believes that the company's plan for an IPO provides a natural step forward for the business while retaining its culture and ethos. The IPO will enhance the public profile of Softcat, help attract new customers and support growth through the ability to attract and retain high quality employees."
Martin Hellawell, CEO, added: "Our growth model is simple but effective - grow our business with existing customers and win new customers, while continuing to offer high quality service. By continuing to focus on these key areas, we believe that we can continue to drive the growth of our business and, as a consequence, create shareholder value."
The offer will consist of the sale of shares currently held by the founders of Softcat, senior members of the management team, and certain current and former employees.
Softcat began operating in 1993 and has evolved from a software licensing reseller to offer a range of products and services and has over 200 vendor partners, either direct or through its distributors.