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A mixture of research and development (R&D) plus sales investment makes sense, said Krista Macomber, senior analyst at Evaluator Group.
“HYCU likes to go deep on optimizing for certain environments like Nutanix and Microsoft, and additional R&D support could help to bring solutions to market a bit more quickly while keeping the same standards for quality,” Macomber said. “Additional sales support could help to increase HYCU’s awareness and traction in these markets that have quickly become very crowded.”
…”What could make an IPO make sense is that HYCU is targeting growing areas of the market that are seeing investment — like SaaS protection,” Macomber said.
Though he did not provide specifics, Taylor said the company plans to expand across platforms and can natively integrate new services.
Support for Google Workspace could make sense given HYCU’s existing Google Cloud service, Macomber said. Protection for other SaaS applications, such as Salesforce, is a possibility as well.
“I’d also look for some additional activity around containerized workloads, which are coming down the pike in terms of production usage — meaning that their protection needs to be planned for,” Macomber said.