Some pretty big changes have been afoot at MarkLogic. Just this morning, the company announced its new CEO, Ken Bado. He joins MarkLogic after 8 years at Autodesk and, perhaps, just in time an IPO.

Unlike many companies, MarkLogic has continued to flourish over the past few years. Bado says, “We haven’t really seen a downturn in our business. We’ve been growing steadily, 45%  year over year from 2009 to 2010 and expect the same for 2011. We hired 100 people last year, and expect to add another 150 in 2011.”

With that kind of growth in its recent history, an IPO isn’t so far off. “With 250 customers and that number growing rapidly, we’re beyond a science project. We’re a real company solving mission critical problems. That’s one of the things that attracted me to MarkLogic,” says Bado. “The technology is excellent, the employees by far are some of the smartest in Silicon Valley. Taking the company public is something we want to do. There are a lot of advantages to doing so and we’ll eventually do an IPO, no doubt about it. We are currently treating ourselves like a public company – we have solid customers and a great revenue stream and those are two ingredients to a potential IPO.”

With Bado just settling in behind his desk, it may not be likely that the company will go public in the very near future. It doesn’t seem to be too far off, however. For the time being, Bado has a few other goals. He says, ““I’ll be focused on three things going forward. First, expanding our partner network to scale the business to the next level. Secondly, a more direct focus on developers. We’re going to become much more developer friendly and make it easier for developers to get our products. And spend more time with students. We need students because we rely on an educated workforce to determine our future success and that’s a huge part of our growth plans going forward.”