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BlueCat Networks Meows With $16.8M

2011-07-21
Silicon Valley Venture Firm Trident Capital Leads Round. Investment Will Help BlueCat Networks Meet Growing Global Demand for IP Address Management and IPv6 Readiness.
TORONTO, ONTARIO, 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 YĆ©pez 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 YĆ©pez, 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. 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.

About Trident Capital

Trident Capital is a leading venture capital firm committed to empowering entrepreneurs to build innovative and industry leading businesses. Founded in 1993, the firm has managed more than $1.9 billion of capital across seven funds and has invested in more than 160 companies to date. We focus on investments in Software, Internet and Technology-Enabled Services. Within our targeted sectors, we invest across multiple stages, from early start-up to expansion stage investment to growth capital. Trident has investment offices in Palo Alto, CA and Westport, CT. For more information on Trident Capital, visit http://www.tridentcap.com.

About BlueCat Networks

BlueCat Networks is a leading provider of smart, simple, scalable IP Address Management (IPAM) solutions. With tightly-integrated IP core services, our software solutions give organizations the power to centrally manage "everything IP" in their network from a single pane of glass. The result is a dynamic network that is more resilient, cost effective and easier to manage.

Rated in the highest "Strong Positive" category in the Gartner 2011 MarketScope for DNS, DHCP and IP Address Management, BlueCat Networks' feature-rich and future-ready solutions have helped Global 2000 companies and government agencies reduce costs and solve today's most critical IT challenges - from accelerating the rollout of new services and optimizing core services in the branch office to data center virtualization and consolidation. We also help organizations manage growth and change by easing the transition to new technologies such as IPv6 and DNS Security (DNSSEC).

For more information, visit http://www.bluecatnetworks.com.



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