Imprivata raised $66.3 million through the closing of its initial public offering of stock, and shares in the company rose 8 percent after trading debuted today.
The Lexington-based company, which provides IT security software and is focused on the health care industry, became the Boston area’s second technology IPO of the year. Imprivata follows Waltham caregiver marketplace Care.com, which went public in January.
Imprivata priced shares a $15 a piece on Tuesday evening, the midpoint of its projected range. Shares closed today at $16.25.
The company sold 5 million shares in the IPO as expected, generating a total of $75 million, but its net proceeds from the offering were $66.3 million.
The firm could also raise another $11.25 million if underwriters exercise their option to to buy 750,000 additional shares.
Imprivata’s software enables secure access and collaboration for users in regulated industries, such as health care and financial services.
In health care, the software allows providers using electronic medical records to keep patient information private while not hindering physicians’ productivity, chief executive Omar Hussain told me previously.
Imprivata generated $71.1 million in revenue last year with a net loss of $5.5 million. In the first quarter of this year, the company’s revenue was $19.4 million and net loss was $7 million.
Investors in the firm include General Catalyst Partners, Highland Capital Partners, and Polaris Partners, each of which owned 25.1 percent of Imprivata’s shares prior to the IPO. The company had raised $49.5 million in venture capital since its founding in 2002.
Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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