Auvik Networks secured a $250 million growth investment from Great Hill Partners, according to a press release on the company’s website. Great Hill Partners is a private equity firm that specializes in high-growth, disruptive businesses. The funding will be used to boost Auvik’s strategic growth initiatives, including product development, segment expansion, and geographic reach.
In the company’s press release, Auvik Networks’ CEO Marc Morin stated: “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. 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.”
Auvik is easy-to-use cloud-based networking management and monitoring software—without the hassle. By automating and simplifying network management, Auvik helps rocket an IT team’s efficiency and capacity, while protecting the business from network risk. Go beyond NetFlow to easily identify who’s on the network, what they’re doing, and where their traffic is going with Auvik TrafficInsights.
Great Hill Partners Managing Director Drew Loucks added: “Auvik has a truly innovative approach to ITOps and has developed powerful software that IT teams not only enjoy using, but is essential to their operations. We have been very impressed with the company’s customer satisfaction rating and reputation and we believe the team is well-positioned to capture a significant portion of the evolving market moving forward.”
Learn more about the Auvik Networks growth investment here.
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