Infoblox secures Warburg Pincus investment
Infoblox, a specialist in Secure Cloud-Managed Network Services, has secured a significant investment from private equity growth investment firm Warburg Pincus.
Vista Equity Partners (Vista), an investment firm focused on enterprise software, data and technology-enabled businesses, which acquired Infoblox in 2016, will continue as an investor, with Warburg Pincus and Vista equal partners.
Infoblox is a provider of core networking and cybersecurity solutions that enable enterprise IT managers, network operators, security operators and Chief Information Security Officers to optimise and secure their networks. The investment will help Infoblox accelerate the growth of its core DDI products and continue to invest in its next-generation, cloud-native BloxOne platform that simplifies networking and security services for hybrid and multi-cloud environments across the borderless enterprise.
"The modern enterprise is becoming increasingly dispersed and the number of connected devices is growing exponentially. As a result, modern networks have become significantly more complex," says Jesper Andersen, President and CEO of Infoblox. "This investment will further help strengthen our industry-leading DDI products while at the same time doubling down on our vision to provide cloud-managed networking and security applications that are scalable, flexible and delivered as a service on top of our BloxOne Platform. We are thrilled to have two long-term investment partners that share our vision."
Warburg Pincus has invested more than USD20 billion in technology companies since inception and is one of the most active growth investors in enterprise technology and cloud-based platforms. Notable technology investments include CrowdStrike, Samsara, Avalara, Ant Financial, Trax and Gojek, among others. One of the firm's core areas of focus is in backing growing infrastructure software companies, including its recent investment in BetterCloud and now Infoblox.
"We believe Infoblox is uniquely positioned with a tremendous opportunity ahead due to a variety of factors, including the proliferation of devices, shift to cloud, decentralisation of enterprise networks, and adoption of modern micro-services architectures," says Chandler Reedy, Managing Director and Head of Late-Stage Technology Investing for Warburg Pincus.
"The company provides mission-critical DDI solutions to some of the largest and most discerning global corporations across a variety of verticals," adds Cary Davis, Managing Director and Head of Infrastructure Software for Warburg Pincus. "We look forward to partnering with the Infoblox and Vista teams as demand for Infoblox products and services accelerates further."
Modern networks require automated solutions that are modular, flexible, scalable and able to be delivered as a service from the cloud. Since Vista acquired Infoblox in 2016, the company has invested significantly in developing its next-generation, cloud-native BloxOne Platform. The investment in building this cloud-native architecture positions Infoblox to more quickly develop new cloud-managed applications—like its BloxOne DDI and BloxOne Threat Defense solutions—that can respond to the needs and handle the complexity of today's borderless networks.
"Every organisation and industry is undergoing some form of digital transformation, underpinned by a secure and reliable networking infrastructure that ensures efficient and safe transfer of data and access to corporate applications and programs," says Monti Saroya, Co-Head of Vista Flagship Fund and Senior Managing Director of Vista Equity Partners. "Infoblox has long been the leader in providing these core networking services, and their investment in a next-generation, cloud-native platform and cloud-managed solutions ensures they will continue to be the leader for years to come. We are thrilled to partner with Warburg Pincus and to continue to work with Jesper and the Infoblox team to provide innovative and value-driving solutions to Infoblox's IT customers."
Credit Suisse served as financial advisor and Cleary Gottlieb Steen & Hamilton LLP served as legal advisor to Warburg Pincus. Morgan Stanley & Co. LLC and Qatalyst Partners served as sell-side financial advisors, and Kirkland & Ellis LLP served as sell-side legal advisor to Infoblox and Vista Equity Partners.