Kevin Reddy, chief executive of Broomfield-based Noodles & Co. Courtesy Noodles & Co.

IPOs boost software firm, restaurant chain

Tim Miller, left, and Ryan Martens led Boulder-based Rally Software Corp. through an initial public offering in July. BCBR file photograph

Restaurant chain Noodles & Co. and software company Rally Software Development Corp. each raised close to $100 million in initial public offerings in 2012.

Broomfield-based Noodles & Co.’s (Nasdaq: NDLS) successful public stock offering raised about $100 million in July. Less than six months later, the fast-casual restaurant chain said it would raise an additional $210 million. The chain has said it expects sales growth of 3 percent by the end of the year and has ambitious plans to open new restaurants.

When its first restaurant opened in 1995, Noodles was based in Boulder. The company moved to Broomfield in 2006 to accommodate its growing base of employees.

Boulder-based Rally (NYSE: RALY) raised $96.6 million in April. The company said it has plans to use the new capital to potentially buy other firms, to expand its sales force and to expand its presence internationally.

Rally makes cloud-based software applications, a rapidly growing area for the software industry.

The company’s chief technology officer, Ryan Martens, founded Rally in Boulder in 2001 as F4 Technologies Inc. Since then, the company has grown to about 380 employees and raised about $70 million in venture funding.

Next story – 6. Construction rebound maintains momentum

Tim Miller, left, and Ryan Martens led Boulder-based Rally Software Corp. through an initial public offering in July. BCBR file photograph

Restaurant chain Noodles & Co. and software company Rally Software Development Corp. each raised close to $100 million in initial public offerings in 2012.

Broomfield-based Noodles & Co.’s (Nasdaq: NDLS) successful public stock offering raised about $100 million in July. Less than six months later, the fast-casual restaurant chain said it would raise an additional $210 million. The chain has said it expects sales growth of 3 percent by the end of the year and has ambitious plans to open new restaurants.

When its first restaurant opened in 1995, Noodles was based in Boulder. The company moved to Broomfield in 2006 to accommodate its growing base of employees.

Boulder-based Rally (NYSE: RALY) raised $96.6 million in April. The company said it has plans to use the new capital to potentially buy other firms, to expand its sales force and to expand its presence internationally.

Rally makes cloud-based software applications, a rapidly growing area for the software industry.

The company’s chief technology officer, Ryan Martens, founded Rally in Boulder in 2001 as F4 Technologies Inc. Since then, the company has grown to about 380 employees and raised about $70 million in venture funding.

Next story – 6. Construction rebound maintains momentum