Canadian cloud vendor Auvik secures $250m funding for expansionist agenda

Auvik has secured a $250m (€212m) investment from private equity firm Great Hill Partners to accelerate growth opportunities. Founded in 2011, Auvik describes itself as a provider of cloud-based network management software. It has a headcount of 217 employees and claims to reach more than 2,000 customers globally with offices in Canada, Spain, Australia, New Zealand and the UK. Auvik said the new funds will be used for product development, segment expansion, geographic reach, and other...