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

Kelsey Rees
clock • 1 min read
Canadian cloud vendor Auvik secures $250m funding for expansionist agenda

The cloud-based network management software provider said the capital will be partly used for an expansion

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...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Distribution

Official: Broadcom secures deal to acquire VMware for $61bn

Official: Broadcom secures deal to acquire VMware for $61bn

The agreement will see Broadcom buy all outstanding shares of VMware

clock 26 May 2022 • 3 min read
McAfee appoints new CEO to lead the antivirus giant

McAfee appoints new CEO to lead the antivirus giant

The vendor said the change in leadership comes as part of the group’s transition to a pure-play consumer protection company

Kelsey Rees
clock 26 May 2022 • 2 min read
Recruiting more channel partners and raising its profile - CPI chats with US vendor CybeReady's new North America VP

Recruiting more channel partners and raising its profile - CPI chats with US vendor CybeReady's new North America VP

The vendor wants to add at least five channel partners to its roster by the end of the year

Kelsey Rees
clock 26 May 2022 • 2 min read