Gigamon Files Registration for Proposed IPO
Gigamon — a maker of devices that attach to networks to enable network monitoring — has filed an S-1 registration statement and is planning an IPO. The price range for the offering, as well as the number of shares to be offered, have not yet been determined. Here’s more about this company’s IPO.
Milpitas, Calif.-based Gigamon says in its S-1 that it has developed “a new and innovative solution that delivers pervasive and dynamic visibility and control of traffic across networks.” The company calls it a Traffic Visibility Fabric and the solution consists of distributed network appliances that provide an advanced level of network traffic intelligence enabling IT organizations to forward traffic from network infrastructure to management, analysis, compliance and security tools in a manner that is optimized for specific uses or locations.
The company says it will use the proceeds from the offering to increase the company’s financial flexibility and “create a public market for our common stock and to facilitate our future access to the public equity markets.”
Gigamon says its solution is designed to help organizations ensure the reliability, performance and security of their network infrastructure, minimize capital investment in management, analysis, compliance and security tools, reduce operating expenses and realize greater value from the existing tools that are deployed throughout their networks.
Founded in 2004, the company’s revenues have increased from $31.4 million in 2009 to $68.1 million in 2011.
Currently, Gigacom serves the vertical market leaders of the Fortune 1000. In addition, Gigacom has an installed base spanning 40 countries across the globe.
More information about Gigacom’s partner program is available here.