Auvik, a provider of cloud-based network management software, announced it has secured a $250 million investment that will help accelerate Auvik’s mission by funding product development, segment expansion, geographic reach, and other strategic growth initiatives.
The investment was made by Great Hill Partners, a private equity firm that invests in high-growth, disruptive businesses.
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Auvik makes complex, yet essential, network management simple by providing the visibility and automation IT professionals need to focus on the work that delivers the greatest value to their organisation, according to the vendor. Today, Auvik’s software helps IT teams manage more than four million devices on over 50,000 networks.
“Network management should be easier. That has been Auvik’s rallying cry since 2011 when we set out on a quest to give IT professionals, and the organizations they support, something better — something faster and easier,” said Marc Morin, CEO of Auvik Networks. “By partnering with Great Hill Partners, a growth investor with deep domain experience and expertise, and our continuing investor Celtic House Venture Partners, we are confident that we will be able to accelerate our impact and bring reliable IT solutions to IT professionals everywhere.”
AQ Technology Partners served as financial advisor and Dentons Canada LLP served as legal counsel to Auvik. Choate, Hall & Stewart LLP and Blake, Cassels & Graydon LLP served as legal counsel to Great Hill Partners.
