Gigamon – a leading deep observability company that helps organizations to effectively secure and manage hybrid cloud infrastructure – announced the completion of a significant strategic investment from Siris, a leading private equity firm focused on investing and driving value creation in technology companies.
The Siris investment in Gigamon will offer the company with additional resources to accelerate innovation and growth through organic initiatives and potential strategic market opportunities. Elliott Investment Management L.P. will maintain its controlling interest in the company.
Launched in 2004, Gigamon protects the world’s largest, most complex, and most secure organizations – serving over 4,000 customers globally. And Gigamon has been a long-standing leader in the network performance management market and is an early leader in deep observability solutions that help organizations secure and manage on-premises, virtual, container, and cloud infrastructure across complex networks with greater ease, efficiency, and effectiveness. Gigamon protects customers of all sizes – spanning the world’s top mobile network operators, healthcare providers, global banks, top U.S. federal agencies, and more than 80 Fortune 100 companies.
The deal closed in December 2023, and financial terms were not disclosed.
KEY QUOTES:
“Over the past two years, we have established Gigamon as a leading deep observability company, and we see substantial growth opportunities ahead for us. Siris is an experienced technology investment firm, and we look forward to fully leveraging the team’s deep industry and operational expertise to propel the many exciting growth opportunities in front of us.”
“Over the past seven years, Elliott has been a key partner in our product development initiatives, and now with Siris’ support, we will further bolster our brand presence and reputation as we scale our offerings and expand our geographic reach.”
- Shane Buckley, president and chief executive officer of Gigamon
“Shane and the talented Gigamon executive leadership team have built a remarkable company and culture focused on delivering industry-leading security and network observability solutions, and the Company is ideally positioned to help customers more efficiently secure and manage a multi-cloud and hybrid application infrastructure. I look forward to working with the Gigamon team and its existing investors as the Company executes on identified strategic growth opportunities and expands its leadership in deep observability.”
- John McCormack, an executive partner at Siris
“Siris’ significant investment in Gigamon reflects the strength of the Company’s innovative products and global customer base. We are pleased to be partnering alongside our other investors as we continue to expand the Gigamon cloud business and deep observability offerings.”
- John Borgerding, Gigamon chairman
“We have long been impressed by Gigamon’s market performance and are thrilled to be partnering with Gigamon and its existing shareholders to drive ongoing success,” said Frank Baker, a co-founder and managing partner of Siris. Gigamon is not only an industry leader in the mission-critical network visibility market, but also is rapidly expanding its deep observability capabilities to maximize network security. We look forward to supporting Gigamon on these important initiatives.”
- Sandeep Guleria, a managing director at Siris
