B
Project Bruno
Infoblox · IPO Readiness Program
Live As of May 11, 2026

Executive Overview

Project Bruno · Infoblox IPO Readiness · For Executive Staff review

PROGRAM ON TRACK
● Status
  • Data Privileges (Darshan) — on track to latest deliverable; MNPI workplan formalization underway Reported 2/10
  • 13 of 14 workstreams have not yet posted a WS Status update; status below is rolled up from each workstream tab
  • Active In-Progress: F&R quarterization (Riveron + Deloitte), SOX risk assessment & ITGC walkthroughs, Treasury ICD portal & Wells Fargo RFP, Anaplan implementation, Optimus Aug-26 go-live tracking
  • 14 workstreams mobilized · advisors engaged · governance and SOX frameworks scoped
→ Next Steps
  • Get WS Status entries from 13 outstanding owners ahead of 5/14 ESTAFF
  • Confirm Mock Earnings schedule — key 5/14 ESTAFF agenda item
  • Surface IPO counsel selection with Vista/Warburg; engage earlier than standard 6-month window
  • Resolve Internal Comms ownership (Katie Howard candidate)
  • Hire Equity Stock Administrator (then they lead system selection) and Head of IR (6–9 month lead time)
  • Decide SOX co-source / outsource model before Optimus go-live
! Key Issues
  • WS Status visibility gap — 13/14 owners owe an update Open
  • 9 tasks overdue ≥11 days: ServiceNow GRC (Legal), BC/DR Council (Cyber), SB 261 + AB 1305 (Inclusion), ERM Leadership (SOX), Deloitte tax quarterization coord, Controlled Co. doc, Corporate Narrative, Equity Story workplan
  • Optimus / Oracle go-live (8/26) — single biggest SOX risk; all ITGCs need re-walking Watch
  • IPO counsel selection unresolved with Vista/Warburg sponsors
  • MNPI blackout philosophy (all-employees vs. restricted) pending board decision
  • Cyber team ~1 year short-staffed; CISO hire flagged At Risk
382
days to IPO
5 / 28 / 2027
Filing Cadence
7
Filing milestones tracked · DRS to Effectiveness
Program Spend
$11.17M
Approved budget · 5 advisor firms engaged
Next Major Milestone
Org Meeting
Dec 7, 2026 · 210 days out
Open Risks
3low
0 high · 0 medium · 3 low (RAID log)

Next 30 / 60 / 90 Day Priorities

Through August 2026
Next 30 days
May 12 → June 11
  • Forecast & Guidance test run (5/5)
  • Mobilize SOX scoping & design gap (5/5)
  • Determine board structure (6/1)
  • Catch up 13 outstanding WS Status updates
  • Resolve Internal Comms ownership
Next 60 days
June 12 → July 11
  • Engage external IPO counsel
  • SOX risk assessment complete
  • FY25 historicals quarterization complete
  • FedRAMP audit close-out
  • ICD portal full migration
Next 90 days
July 12 → August 5
  • Best Practice Work Q4 milestone (7/31)
  • Kick off Equity Work (8/5)
  • Optimus / Oracle Fusion go-live (8/31)
  • Equity stock administrator hired
  • Lead underwriter shortlist

Key RAID Items

Risks & decisions for executive visibility · 0 high · 0 medium · 3 low
Low · Open
Decision
Matter management / ELM solution
Leading practice but not an IPO requirement. Recommendation: defer to post-IPO once litigation volume and outside counsel spend justify. Owner: Tyler Robbins · Legal & Governance
Low · Open
Decision
AI / agent-based treasury forecasting
Forward-looking opportunity given India team time-zone gaps. Full TMS not warranted yet — revisit post-IPO once Anaplan / Project Prowl stabilizes. Owner: Brendan Tran · Treasury
Low · Open
Risk
FX manager hire
No hedging program today; minimal FX exposure given USD-denominated collections. Monitor as Brazil acquisition integration progresses. Owner: Marie Stahura · Treasury
Watch
Risk · Emerging
Optimus / Oracle Fusion go-live (Aug 2026)
Single biggest SOX risk — existing ITGCs are private-state and must be re-walked post go-live. Slip here would cascade into SOX, close, tax, and FP&A readiness. Owner: Justin Kappers · Tools / Systems
Watch
Issue · Reporting
Workstream status reporting cadence
Only 1 of 14 workstream owners has posted to the WS Status tab. Without consistent owner-reported status, program-level visibility relies on PM-derived inference. Owner: PMO (Jeff & Molly)

Asks of Executive Staff

Where we need your support
1
Endorse IPO counsel engagement timeline
Approve engaging outside counsel earlier than the standard 6-month window — recommended given board structure decisions and MNPI build.
2
Decide on SOX resourcing model
Co-source vs. outsource decision needed before Optimus go-live (Aug 2026) so ITGC re-walks can begin immediately afterward.
3
Confirm MNPI blackout policy direction
All-hands blackout vs. restricted insider list. Recommendation: all-hands, given pervasiveness of MNPI in routine deal-win communications.
4
Reinforce status reporting cadence
Ask workstream leads to commit to bi-weekly WS Status tab updates so this dashboard reflects ground truth coming into Org Meeting.

AINarrative

Auto-generated from WS Status tab + 14 workstream schedules · refreshed May 14, 2026

Project Bruno is on track to meet its May 28, 2027 IPO effectiveness target. Over the past quarter, the program completed mobilization across all 14 workstreams, secured the advisor stack (PwC, Deloitte, Riveron, Compensia, Mercer/Radford), and baselined audit-readiness gaps in finance, SOX, tax, and HR. We have approximately twelve months of foundational and uplift work ahead of the SEC filing window, with sufficient runway provided we hold to the Org Meeting (Dec 2026) and Q1'27 mock close as anchor dates.

The most material executive-level decisions in the next 90 days are: (1) selection of IPO counsel and lead underwriters in coordination with Vista & Warburg, (2) approval of the SOX co-source/outsource model, and (3) the MNPI blackout philosophy decision (all-hands vs. restricted population).

8
Workstreams advancing on plan
5
Workstreams with watch items
1
Workstream pending owner (Internal Comms)
AI-generated summary. Review before sharing externally — owner-reported WS Status entries take precedence where they conflict.

PM Overview

Program management view · 14 workstreams · IPO effectiveness 5/28/2027 · $11.17M budget

Days to Effectiveness
382days
Target: Friday, 5/28/2027
Program Budget
$11.17M
Est. OS cost · 5 advisors engaged
Status Updates Received
1of 14
13 workstream owners owe an update
Overdue Tasks
9
Across Legal, SOX, Tax, ESIR, Inclusion, Corp Mktg

Workstream health

14 workstreams
7%
Reported
On track (reported)1
At risk (reported)0
Overdue / Delayed (reported)0
Not reported on WS Status13

Next key milestones

From 5/11/26

Attention needed this week

Overdue or at risk
ItemWorkstreamOwnerDue

Recent status updates

Last 7 days
Data Privileges for Insider Trading On track
On track to latest deliverable. MNPI governance structure/workplan formalization underway; Darshan confirmed as MNPI lead.
Darshan Ganapathi · 2/10/26 · from WS Status tab
13 workstream owners owe a status update
Bryce Mitchell · Tyler Robbins · Stephanie Laurich · Cyrus Yee · Susan Huo / Audrey Schlicht · Ed Hunter · Jaime Mehran · Julie Weigle · Katie Howard (TBD) · Marie Stahura / Brendan Tran · Tammy Summers · Justin Kappers · Shashi Chidara
Dashboard shows "Not reported" for these until they post to the WS Status tab. Card content below is pulled from each workstream's own tab as a fallback.

Workstreams

14 workstreams with individual plans. Click any card for the owner's detail sheet.

Sort: Budget (high → low)

Milestone Timeline

Tasks flagged Key Milestone = Y on each workstream tab, plotted against the 22 program milestones from the Inputs sheet (cells B16:B42).

Task status Completed Off-Track At Risk In Progress Future Start
Program milestones Filing-critical Other milestone Today (5/12/26)
Filter by program milestone:
Filter by task status:
Workstream
Completed Off-Track At Risk In Progress Future Start

Filing cadence

Org Meeting 12/7/26 → Initial Filing (DRS) 2/1/27 → Second Filing 3/15/27 → Third Filing 4/12/27 → Public Filing 4/30/27 → Launch 5/17/27 → Effectiveness 5/28/27.

Mock closes

Q1'27 Mock Close 12/15/26 · Q2'27 Mock Close 3/15/27. Both run across F&R, Faster & Agile Close, Tax, FP&A, and IR.

Board milestones

Determine Board Structure 6/1/26 · Authorize Audit Cmte search 10/11/26 · Boards Established 1/31/27.

Milestone Alignment

Tasks tagged to a named IPO milestone (Org Meeting, DRS, Public Filing, etc.) vs. tasks pegged only to a calendar month. Month-pegged tasks won't auto-shift if the IPO date moves.

Total Leaf Tasks
658
Across all 14 workstreams
Aligned to Milestone
18728%
Will auto-shift with IPO date
Not Aligned
47172%
Month-pegged · requires manual reset
Estimated Figures
5WS
Cyber, Privacy, Inclusion, CM, IC — owners to validate

Alignment by workstream

Ranked by count of unaligned tasks
Aligned to named IPO milestone Month-pegged / not aligned Click a row to see drill-down guidance

Priority realignment targets

Recommended triage

Financial & Regulatory Reporting (84 unaligned, 87%) and SOX (54, 86%) carry the largest absolute backlog of month-pegged tasks — driven by technical accounting memos (ASC 842, 805, 280, 350, 260, 718) and SOX control documentation / ITGC walkthroughs.

Planning & Forecasting (94% unaligned) and Tax (90%) are the worst on a percentage basis. Both are core to the Q1/Q2 mock closes and guidance readiness — a slip here cascades directly to filing dates.

Legal (37%) and Equity Story / IR (35%) are the healthiest — most work is tied to Org Meeting / DRS / Filing / Launch / Effectiveness, which is how IPO counsel naturally structures plans.

Treasury (85% unaligned) looks misleadingly bad — most Treasury work is best-practice / ongoing operational uplift that legitimately does not flex with the IPO date. Lower priority to realign.

How to realign a task

For workstream owners
  1. On your workstream tab, locate the Program Milestone column.
  2. If the cell shows a month (e.g., Oct-26) or -, pick a named milestone from the Inputs sheet: Org Meeting, Initial DRS, DRS/A, Q1'27 Mock Close, Q2'27 Mock Close, Public Filing, Launch, Effectiveness, First 10-Q/10-K.
  3. If truly no milestone applies (pure operational BAU), keep the month — but mark the task as "Best Practice / Ongoing" in the Category column so it's excluded from slip analysis.
  4. Focus realignment effort on tasks due before Q1'27 Mock Close — those are the ones most likely to cascade if the IPO date shifts.

Workstream detail

14 of 14 workstreams · 5 estimated (owners to validate)
Workstream Leaf tasks Aligned Not aligned % not aligned Primary drivers of misalignment

RAID Log

Open risks, actions, issues, and decisions · 0 High · 0 Medium · 3 Low

Open items

From RAID log sheet
1
Best Practice / Consideration: Matter management / ELM solution — leading practice but not a regulatory or IPO requirement. Recommended for consideration post-IPO as litigation volume increases and outside counsel spend becomes harder to manage manually.
Legal, Compliance & Governance · Raised 4/20/26 · PwC
Low Open
2
Best Practice / Consideration: AI and agent-based treasury forecasting — forward-looking opportunity given the India-based team's time-zone coverage gaps. Full TMS not yet warranted at this stage; revisit post-IPO once core treasury systems and Anaplan (Project Prowl) are stable.
Treasury & Capital Structure · Raised 4/20/26 · PwC
Low Open
3
Best Practice / Consideration: FX manager hire — Infoblox has no hedging program and minimal FX exposure given USD-denominated collections. Brendan noted at workshop that FX exposure was not large enough to justify a hedging program. Monitor exposure trajectory, particularly following Brazil acquisition integration.
Treasury & Capital Structure · Raised 4/20/26 · PwC
Low Open

Program Team

Program managers, workstream leads, and participants from the Team Members sheet.

Program Leadership

3 leads
MS
Marie Stahura
Program Lead · Treasury
JR
Jeffrey Rosenlund
Program Manager · PMO
MD
Molly Dufault
Program Manager

Workstream Leads & Participants

24 members
Key milestone task

—