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The IP Address Management company has raised $27.8M to date
IP address management company BlueCat Networks announced Thursday that it has secured $16.8 million in funding from Trident Capital. Additionally, Trident managing director J. Alberto Yépez will be joining the BlueCat board of directors. The new round of funding comes brings the company's total raised to $27.8 million, according to a BlueCat spokesperson.
Founded in 2001, BlueCat Networks develops IP address management (IPAM) solutions for government, military, financial services, retail, enterprise, and manufacturing sectors. The company also provides training services for administrators and network professionals. Other services include Windows management, DNS and DHCP, IPv6, VoIP management, QuickStart IPAM (don’t you just LOVE acronyms?!), Managed DNS, DDI, CMDB Integration, auditing and control, virtual solutions, and more.
“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 Yépez in a statement. “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 was also recently ranked in the highest “Strong Positive” category in the Gartner 2011 MarketScope for DNS, DHCP and IP Address Management.
The company plans to use the new funds to expand its sales and engineering teams as well as invest in its global channel partner program.
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