Gigamon, a leader in traffic visibility solutions for cybersecurity and monitoring applications, has been acquired by Elliott Management, a leading multi-strategy private investment firm, and the Qatar Investment Authority (QIA).
Elliott’s investment was led by its private equity affiliate, Evergreen Coast Capital, and the acquisition has been approved by Gigamon shareholders.
A spokesman for the QIA said: “We believe Gigamon is well positioned at the crossroads of the secular changes in technology driven by data growth, security, networking and the cloud.
“We look forward to maximising the value of this unique asset for all stakeholders. Our investment marks QIA’s ongoing commitment to investing in high quality technology, media and telecommunications assets.”
Paul Hooper, Chief Executive Officer of Gigamon, said: “This is a pivotal day for Gigamon employees, customers and partners around the world. With the acquisition complete, our team will continue to execute strategic initatives that will both empower our customers with new, rich functionality and drive Gigamon to the next level of growth.
“As a private company, we will continue to build upon our leading technology foundation and transform the market we created and lead. “
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