Investment Will Help BlueCat Networks Meet Growing Global Demand for IP Address Management and IPv6 Readiness
Toronto, Canada – July 21, 2011 – BlueCat Networks, the IPAM Intelligence™ company, today announced the completion of a $16.8 million round of financing by new investor Trident Capital.
With this investment, the company will continue to develop, sell and support the market’s most innovative IP Address Management, DNS and DHCP solutions. BlueCat Networks will use the funding primarily to support the expansion of its Sales and Engineering teams and the further development of its global channel partner program. Trident Capital managing director J. Alberto Yépez joins the BlueCat Networks Board of Directors.
“BlueCat Networks has enjoyed remarkable success in the DNS, DHCP and IP Address Management market and the demand for our solutions continues to grow,” said Michael Hyatt, co-founder and CEO of BlueCat Networks. “This new funding will enable us to continue to invest in the quality people, innovation and industry partnerships that drive our achievements, while maintaining a cash reserve for future opportunities. We welcome Trident Capital as an investor and valued member of our team and thank them for supporting our vision.”
Trident Capital has an exceptional track record of building successful infrastructure software companies including: Bytemobile, Epicor (NASDAQ: EPIC), mBlox, Merchant eSolutions, Qualys, Signio (acquired by VeriSign – NASDAQ: VRSN), Sygate (acquired by Symantec – NASDAQ: SYMC), Tablus (acquired by EMC – NYSE: EMC), Thor Technologies (acquired by Oracle – NASDAQ: ORCL), and Tricipher (acquired by VMware – NYSE: VMW).
“For the past 18 years, Trident Capital has focused on investing in entrepreneurs and innovators that are setting the direction of their respective markets,” said J. Alberto Yépez, Managing Director, Trident Capital. “BlueCat Networks is a leader in the IP Address Management market with proven solutions implemented by a growing base of satisfied customers and channel partners worldwide. We believe the growth of the IPAM market is set to explode, propelled by key business and technology drivers including the proliferation of IP-enabled devices, the migration to emerging Internet technologies like IPv6, the growing need to secure network infrastructure by implementing standards like DNSSEC and the requirement for regulatory compliance. After conducting extensive due diligence, looking at all aspects of the business, we believe BlueCat Networks is well positioned to capitalize on this growing market demand.”
BlueCat Networks’ innovative IPAM solutions provide an essential technology for helping organizations address the transition to IPv6, reduce IT management costs, launch new services and manage network growth and change.