Gigamon announced it has raised $22.8M from Highland Capital Partners in its first institutional financing
February 3, 2010
MILPITAS, Calif. -- Gigamon™, the leading global provider of intelligent data access networking™, today announced it has raised $22.8 million from Highland Capital Partners in its first institutional financing. The capital will be used to further accelerate the company’s growth as Gigamon leverages its market leading position in network monitoring to capitalize on strategic growth opportunities. In conjunction with the investment, Peter Bell and Corey Mulloy, General Partners at Highland, will join Gigamon’s board of directors.
“When we started Gigamon in 2004, we recognized a gap in the data center monitoring market. Today, more than 500 of the top enterprise, government and telecommunications organizations have put their mission critical trust in Gigamon to proactively and pragmatically address the monitoring and security needs of core business network traffic,” said Ted Ho, chief executive officer of Gigamon. “We welcome Highland as our first institutional investor. With their experience in helping to build global market leading infrastructure companies, we’re excited to have Highland’s involvement in achieving the next stage of the company’s growth.”
Gigamon Systems LLC
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