US reporting tools specialist Sqribe Technologies Inc has no plans to go public despite its rapidly expanding operations. The Menlo Park, California headquartered company first came about in 1985, but the past few years have seen the business growing and the company now has offices across the US, one in Australia, one in Paris, another in Reading in the UK, and work is being carried out at the moment to establish a Japanese site. Sqribe boasts a staff of 250 and concentrates on reporting tools for databases and corporate intranet, and according to company executive Craig Edwards the company only really has one competitor, a San Mateo organization called Actuate Software Corp which is currently in the process of expanding (CI No 3,245). But despite Sqribe’s success of recent years and last year’s move into profitability, there are no plans to commence an initial public offering. Edwards said: As a private company it is progressing very well. It’s always a possibility that the company will go public, but as far as I’m aware there are no plans at the moment. Sqribe has two main products, SQR Server and ReportMart. SQR is the company’s original flagship product, which the company describes as an industrial-strength engine for extracting, transforming and distributing data throughout the enterprise. The reporting tool enables the user to access any database from any system, making it truly cross platform. ReportMart has just been introduced by Sqribe and is a reporting tool designed to enable users to access and search reports held in central repositories via an internal intranet. ReportMart is a thin client tool, based around the server and is 100% pure Java. Edwards says the product has been received well and along with SQR, Sqribe will push its expansion on the strength of them both. Edwards said: You can create too many products and get too ambitious. We are going to be pushing SQR and ReportMart and make them successful; they are quality products and they are being accepted by a worldwide audience.
