UK open source firm Alfresco heads to US market for IPO

in V3.co.uk

UK open source firm Alfresco has revealed its plans to go public in the US, choosing the nation over the UK because of a less vibrant stock market in its home nation.

The firm has now opened up a Silicon Valley office and appointed a US chief executive, Doug Dennerline. Dennerline was the president of SuccessFactors before its $3.4bn acquisition by SAP last year.

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