Menlo Park, CA – GrowthPoint advises StacksWare on its acquisition by Avi Networks.
GrowthPoint announced that it acted as the exclusive financial advisor to StacksWare on its acquisition by Avi Networks. Based in San Francisco, StacksWare developed a unique and elegant solution to provide IT departments real-time visibility into application usage and licensing analytics across private and public clouds. StacksWare consists of an extremely talented team, who recently won the “Best of Vmware 2016” Award and was recognized by Forbes magazine in the Forbes 30 under 30. The company received funding by Lightspeed Venture Partners and Greylock Partners.
Avi Networks is a leading cloud application delivery platform. The ‘Avi Vantage’ platform provides application services as a dynamic pool of resources that matches the automation needs of private or public cloud initiatives. Fortune 500 technology, media, and financial services companies use Avi Networks to accelerate application delivery, enable self-service for application owners, and lower their TCO.
“As Avi Networks looks to build out its SaaS capabilities, the StacksWare’s team, expertise and capabilities provide a perfect match and will help lead the company’s new growth initiatives,” stated Nick DeRose, Vice President at GrowthPoint.
“We could not be happier for the StacksWare team (Doug, Vivek, Forrest, Phillip and Rahul) to be joining such a quality company in Avi Networks, and we look forward to watching them innovate together,” said Jack Cassel, Associate at GrowthPoint.
For more information on this deal, please read the official press release.