|By Marketwired .||
|April 8, 2014 12:43 PM EDT||
BURLINGTON, MA and BOSTON, MA -- (Marketwired) -- 04/08/14 -- NetBrain Technologies, which provides software used by network engineers to map, analyze and troubleshoot enterprise and service provider networks, today announced that it has received a minority investment from Summit Partners. NetBrain will use the funding to drive rapid market penetration, continued product innovation and other business development activities.
Founded in 2004, NetBrain products empower network professionals with real-time data visualization, automated network documentation and computer-aided troubleshooting capabilities. Engineers use NetBrain to make better decisions about their networks. Compatible with a wide range of network devices, NetBrain's software offers an intuitive way to visualize performance and an easy mechanism to carry out important functions such as developing accurate network diagrams, tracking network changes and visually troubleshooting any network issue.
Hundreds of enterprises -- including many Fortune 500 companies as well as governmental and not-for-profit institutions -- rely on NetBrain's software to accelerate network troubleshooting and prevent outages.
"NetBrain's pioneering approach to network automation represents disruptive changes that customers are seeking in the network management industry. Partnering with Summit enables us go even faster and leverage our first-mover advantage," said Lingping Gao, Founder and CEO of NetBrain. "Many respected investors expressed interests in NetBrain, and we chose Summit Partners for its breadth of experience in backing large-scale technology businesses."
"NetBrain has grown rapidly with an impressive customer base because the company is uniquely positioned to address the unsolved challenges around network automation and management, particularly with the advent of virtualized and software-defined networks," said Tom Jennings, a Managing Director with Summit Partners who is joining NetBrain's Board of Directors.
About NetBrain Technologies
Founded in 2004, NetBrain Technologies is the provider of the first map-driven network automation solution. Hundreds of enterprises rely on NetBrain's unique map-driven automation software to accelerate troubleshooting and prevent network outages. NetBrain is headquartered in Burlington, Massachusetts, with offices in New York, New York, Sacramento, California and Beijing, China. For additional information about NetBrain, please visit http://www.netbraintech.com or follow @NetBrainTechies on Twitter.
About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable software companies backed by Summit Partners include AvePoint, GoldenGate Software, Hyperion Solutions, McAfee Associates, NetWitness, OPNET Technologies, RightNow Technologies, Unica and WebEx Communications. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit http://www.summitpartners.com or follow on Twitter at @SummitPartners.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners (UK) Advisory LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners (UK) Advisory LLP is a limited liability partnership registered in England and Wales with registered number OC 388179 and its registered office is at 20-22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies.
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