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Website-Services Provider CloudFlare Plans IPO in 2017, CEO Says

Website-services provider CloudFlare Inc. has been speaking to bankers and plans to go public in 2017, said Chief Executive Officer Matthew Prince.

The company, which speeds global Web traffic and provides security services for clients, is valued at more than $1 billion, Prince said in an interview Tuesday at the South by Southwest Interactive conference in Austin, Texas. Sales have grown at a 350 percent compounded annual rate for the last three years, and the company could reach an annual run rate of $100 million by year-end, he said.