Vista Equity Partners to buy network control company Infoblox for $1.6 bn
19 September 2016
US private equity firm Vista Equity Partners, today struck a deal to buy Infoblox Inc. in a deal that values the network software and security company at $1.6 billion.
Under the terms of the deal, Vista Equity will pay $26.50 a share in cash, a 73-per cent premium to Infoblox's 11 May closing price, when media first reported of a possible deal.
Santa Clara, California-based Infoblox provides software and hardware for managing Internet addresses and identifying devices connected to networks, specifically solutions for Domain Name System (DNS), Dynamic Host Configuration Protocol (DHCP), and IP address management.
''As all industries are moving to the cloud in record speed, and as connected devices proliferate, companies depend more than ever on network automation and security,'' said Brian Sheth, co-founder and president of Vista Equity.
''Infoblox is the trusted market leader in DDI solutions, and their strategy and portfolio of secure automated networking solutions make the company uniquely positioned to deliver for its customers. We are looking forward to working with the talented team at Infoblox to support the company's strategic vision and grow its industry leadership.''