MENLO PARK, Calif. & TORONTO--(Business Wire)--
Bridgescale Partners (www.bridgescale.com), a California-based investment firm
providing equity to high growth information technology companies and
Toronto-based BlueCat Networks (www.bluecatnetworks.com), a leading provider of
enterprise-class IP Address Management (IPAM) platforms, announced today that
Bridgescale Partners led a U.S. $11 million minority investment in BlueCat
Networks. Having just completed a record sales quarter, BlueCat Networks will
use its first institutional venture capital round to further enhance its
award-winning product line and continue the rapid expansion of its global
distribution network.
"As businesses of all sizes continue to populate their networks with many
different devices, the demand for software to manage the growing number of
associated IP addresses will naturally increase," said Robert Chaplinsky,
Managing Director, Bridgescale Partners. "As the leading global provider of IPAM
solutions which has already sold thousands of licenses to enterprises and ISP`s,
BlueCat is ideally positioned to meet the increase in global demand for IPAM,"
Chaplinsky continued. "We are pleased to make BlueCat our first investment in
Canada as it complements our existing portfolio of category-leading technology
companies, and are confident we can help BlueCat continue its stellar growth
trajectory."
Recognizing network administrators are now facing a variety of external and
internal pressures including the introduction of VoIP, wireless devices
(including RFID tags), IT virtualization, and the complexity IPv6 brings to the
network, BlueCat Networks provides automated solutions that simplify network
processes while still enabling enterprises to take advantage of the latest
technologies.
"When looking at potential investors, Bridgescale stood out based on its strong
Silicon Valley relationships and deep investment expertise," said Michael Hyatt,
CEO and co-founder of BlueCat Networks. "We have been working with Bridgescale
for a short while, and in that time their investment team has delivered
significant business value - reinforcing the fact that Bridgescale is the right
investment partner to help enhance our position as a leading global networking
software provider," Hyatt continued. "Having just completed a record sales
quarter, we are confident that our work with Bridgescale will help further drive
our rapid expansion worldwide."
Bridgescale, which has announced plans to expand into Canada, has significant
experience working with Canadian entrepreneurs and companies and is currently an
investor in Cortina, a semiconductor company with a large development center in
Ottawa and Proofpoint, which also has a presence in Toronto based on its
acquisition of Fortiva.
About Bridgescale Partners
Bridgescale Partners (www.bridgescale.com) is a Menlo Park, California based
growth equity firm providing expansion capital to U.S. and Canada-based,
later-stage technology companies. The founding team has more than 40 years of
venture capital experience at leading early- and later-stage institutions and
brings deep expertise in helping software, semiconductor, communication and
internet companies scale their businesses.
About BlueCat Networks
BlueCat Networks, the IPAM Intelligence Company, is a profitable,
rapidly-growing leading provider of enterprise-class IP Address Management
(IPAM) platforms and secure DNS/DHCP core service solutions. Today, thousands of
BlueCat`s award-winning IPAM and DNS/DHCP solutions have been successfully
deployed to meet the rising IP management demands of government, military and
both medium and large enterprises worldwide. Find out why more Fortune companies
choose BlueCat solutions to gain complete, centralized Command and Control of
their IP networks at www.bluecatnetworks.com.
Proteus, Adonis, IPAM Intelligence, IPAM Intelligence Company, IPAM for
Everyone, IPAM goes Virtual and BlueCat Networks are trademarks of BlueCat
Networks Inc, and/or BlueCat Networks (USA) Inc. Other products mentioned here
in may be trademarks and/or registered trademarks of their respective owners.
TidalWave PR (For Bridgescale Partners)
Lisa Tarter, 415-203-2462
lisa@tidalwavepr.com
or
Communication Strategies, Inc. (For BlueCat Networks)
Michael O`Keeffe, 416-760-0100
mokeeffe@comstratpr.com
Copyright Business Wire 2009
