KEMP Technologies Receives $16M Private Equity Financing

Funding Rounds

▤ Summary

KEMP Technologies, a Yaphank, New York-based provider of application delivery and load balancing products for the small and medium business segment, has received a $16m financing.The round was led by Edison Ventures, which injected $7.5m, with participation from Kennet Partners and Orix.The company intends to use the proceeds for product development, sales and international expansion.Led by President Ray Downes, KEMP Technologies offers Layers 4-7 load balancing, content switching, server persistence, SSL offload/acceleration, and application front-end capabilities (caching, compression, intrusion prevention system).In conjunction with the investment, Lenard Marcus, Edison Principal joined the company’s Board of Directors, along with John Becker, Edison Director Network member.

$ Funding

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Amount $16.0M Total raised
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Date January 10, 2012 Announcement date
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Investors Kennet Partners Lead investors
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Company http://www.kemptechnologies.com Funded company

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
Application Delivery Controller Load Balancer Cloud Software

▦ Linked Companies

Kemp Technologies
$10M to $25M