If anyone had any doubt about the potential for going IPO as a modern enterprise software company, the last two days should have removed that doubt completely from their minds. Hortonworks and New Relic are both dominating the markets right now, rising quickly and looking to be poised for an even higher rise over the next few months. Considering that both were initially priced at least 30% below what the market thought they were worth, you can probably expect a lot more moves to the market in 2015.If I had to throw some darts and guess about what companies would be moving onto NASDAQ in 2015, I’d put Cloudera, Unity, and any of the numerous APM companies out there at the top of my list. When Facebook went public, it took a dive in the weeks after trading began, and other technology IPOs headed for the hills. We should see a flood of new offerings next year, particularly in the Big Data and application monitoring worlds. This is quite a change from the investment climate for software IPOs over the past decade.Facebook had looked overpriced initially, and was seemingly the victim of conspiracies inside the company and its investment banks to inflate the IPO price to get more money. At the time, this was a really big deal, but today it’s completely forgotten. Why? Facebook is worth double what it IPO’d for, and almost 4x what it sank to in the first weeks of trading.Clearly, the market is no longer skeptical of software company IPOs. In 2000, they were like junk bonds or barnacles: everywhere and worthless. But today, investing in IPO tech companies is just about the only way to find a good upside, considering that so many companies are worth so much already.Congrats to everyone at New Relic and Hortonworks. We expect great things from all this investment capital!
Just as Google offers one place to search for all online data, Alation is hoping to offer a single place for enterprises to search their data. Alation, launched officially this morning, is a startup with software that ties into a company’s data stores, and then gives users a natural language search interface for querying that information.Satyen Sangani, CEO and cofounder of Alation, said the company has been working on this technology for two years. “We partnered with massive companies that have lots of data; our installation gets us up and running in days or hours, in some cases,” he said.“We’re able to parse through query logs from 20-odd database systems, and all that happens pretty seamlessly. You point us to the underlying data storage, either through URI or some underlying data connection.” Making natural language queries available on enterprise data sources allows everyone to have access to the data, not just scientists, said Sangani. “A query could look like, ‘Tell me how many doctors there are in Nebraska.’ It does translate natural language search, giving you the context of the data. We tell you not just the table, but also that Jim has used this table 400 times in the last month. We give you a whole bunch of context that’s not a part of the data itself,” he said.Alation is also a collaborative platform, said Sangani. “There’s a collaborative layer. We give you a StackOverflow-like interface on top of the data, so people can start talking about how they handle the data. Now that you can find the data, you can find what people have done with it,” he said.Sangani said that Alation’s approach is the opposite of traditional data storage thinking. “The historic approach has been, ‘Let’s go ahead and document the data through some massive human-based effort,’ ” he said. “That’s like painting the Golden Gate Bridge: By the time you get to one end, you have to start over and repaint it again.“We think of this kind of as a search problem. Every time someone creates a data model, they’re creating a new bit of information. The minimum viable product for search is an extremely high bar. People have tried to document data for many decades. We’re aware of the many failures before us.”