After pricing higher than expected at $16 per share, networking software company Infoblox Inc. raised $120 million in its initial public offering. The company begins trading on the New York Stock Exchange Friday, April 20, under the ticker BLOX. In this video, CEO Robert Thomas says that the proceeds will likely be used for small technology acquisitions in network automation. Although Infoblox was not profitable last year, he explains how the company will be profitable "over the next two or three years." Unconcerned about competition, Thomas quips, "what we do is rocket science." - Katie Roof
Canadian commercial real estate services firm Avison Young hired Daniel Carlo as a principal of and managing director of the firm's Miami office. For other updates launch today's Movers & shakers slideshow.