Wednesday, July 20, 2011

BlueCat Raises $16.8 Million for IP Address Management

BlueCat Networks, a start-up based in Toronto, secured $16.8 million in new financing for its enterprise-class DDI solution (DNS, DHCP and IPAM). BlueCat acts as a corporate IP Network Authority, helping companies manage the migration to IPv6, secure network infrastructure by implementing standards like DNSSEC and the requirement for regulatory compliance.

The latest funding was led by new investor Trident Capital.

"BlueCat Networks has enjoyed remarkable success in the DNS, DHCP and IP Address Management market and the demand for our solutions continues to grow," said Michael Hyatt, co-founder and CEO of BlueCat Networks. "This new funding will enable us to continue to invest in the quality people, innovation and industry partnerships that drive our achievements, while maintaining a cash reserve for future opportunities. We welcome Trident Capital as an investor and valued member of our team and thank them for supporting our vision."

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