BlueCat Networks, a Toronto-based provider of enterprise-class IP Address Management (IPAM) platforms, has raised a $11m first equity financing.
The round was led by Bridgescale Partners, a California-based investment firm providing equity to high growth information technology companies.
As stated by Michael Hyatt, CEO and co-founder of the company, whose IP Address Management (IPAM) platforms as well as Domain Name System (DNS) and Dynamic Host Configuration Protocol (DHCP) solutions have been deployed to meet the rising IP management demands of government, military and both medium and large enterprises worldwide, BlueCat Networks will use the proceeds to further enhance its product line and continue the rapid expansion of its global distribution network.
FinSMEs
02/11/2009