Analytical software vendor Qlik, which went private in 2016, has announced a private filing of a draft registration with the SEC to go public again. Norway-based ERP vendor Visma says an offering is likely next year—it went private it 2006. Never-public FinancialForce has acknowledged its interest in an IPO. The reasoning for the prediction is the following--When Apax Parners took Exact private in 2015 the prospectus laid out the argument for private ownership of software companies: Developing cloud software was very expensive and the public market didn’t want to pay for it. Hence, with the heaviest expense behind them, there maybe action in all business software areas that have made the move to the cloud--ERP, payments, analytics. IFS? The Sweden-based ERP company went private in 2016 and since it introduced the IFS Cloud last year, it might be in this camp. Infor? The Kochs, who purchased Infor in 2020 would like to cash some chips. Epicor? It’s been traded like baseball cards among investors and maybe somebody would like to cut down the likely amount of debt that’s been accumulated by selling shares. Exact? Given the Apax analysis. Acumatica? It’s owned by EQT Partners that also owns IFS. Someone asked me that question at Acumatica’s Partner Summit. I’m guessing it needs more revenue growth and there have not been obvious signs.