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NetBrain Technologies Reaches Major Milestone, Raises Growth Equity From Summit Partners

BURLINGTON, MA -- (Marketwired) -- 04/11/14 -- NetBrain Technologies, innovator in network automation technology, 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 initiatives.

Founded in 2004, NetBrain is the inventor of map-driven network automation technology which empowers network professionals with automated network documentation, real-time data visualization and automated troubleshooting diagnoses. Network managers use NetBrain to make better decisions about their networks' design and to respond to network issues quickly and efficiently. Compatible with a wide range of network devices, NetBrain offers an easy way to visualize network performance and an intuitive interface for important functions like developing accurate network diagrams, tracking network changes and visually troubleshooting network issues.

Hundreds of enterprises -- including Fortune 500 companies and governmental and not-for-profit institutions -- use 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 to move 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. NetBrain is headquartered in Burlington, Massachusetts, with offices in New York, New York, Sacramento, California and Beijing, China. For additional information, please visit 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. Notable software companies backed by Summit Partners include McAfee Associates and WebEx Communications. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

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