Gigamon

Gigamon is a privately held company with products that deliver network-derived intelligence and insights to cloud, security, observability, and network management tools.[2][3] It is the leader in the deep observability market.[4] Formerly traded publicly,[5] it is now owned by Elliott Management[6] and headquartered in Santa Clara, California.[7]

Gigamon
TypePrivate
NYSE: GIMO
IndustryHybrid cloud Infrastructure, Hybrid cloud security, Deep observability
Founded2004 (2004)
Headquarters
Santa Clara, California
,
U.S.
Area served
Worldwide
Key people
Products
  • GigaSMART
  • GigaSECURE
  • GigaVUE series
  • Gigamon Visibility Platform for AWS
Number of employees
950 (As of April 2023)[1]
Websitegigamon.com

History

Gigamon LLC was founded in 2004 and was originally operated by Gigamon Systems, LLC.[8][9][10] In 2009, Gigamon converted from a limited liability company to a corporation and changed its name to Gigamon Inc.[10] It is currently led by President and CEO, Shane Buckley.[11]

In July 2012 the company filed for an IPO, and then went publicon June 11, 2013 on the New York Stock Exchange under the symbol “GIMO”.[12][13] During the initial public offering on June 12, 2013, investors bought 6.75 million shares priced at $19 each, generating $128 million in sales.[7][2]

In 2015, Gigamon introduced its formalized Partner Program.[9] At the time, the company already had 220 partners in North America and more in other countries.[9] That same year, Gigamon moved its headquarters to Santa Clara and doubled the size of its operations.[14]

Gigamon officials rang the closing bell of the New York Stock Exchange on February 24, 2016.[15][16]

In January 2018, the company was acquired by Elliott Management Corporation and The Qatar Investment Authority (QIA) for US$1.6 billion.[3]

Products

Gigamon develops physical and virtual network visibility technologies, including network TAP and aggregation products, traffic manipulation applications, and visibility fabric nodes.[17]

Lawsuits

On Friday, April 23, 2021, a federal jury of the US District Court and Eastern District of Texas delivered its verdict regarding Gigamon’s claims of APCON Inc.’s infringement on certain specified network technology patents. Gigamon’s infringement assertions were denied when the jury unanimously ruled that not only were allegations of APCON’s infringement invalid, but all claims related to five network data management patents at issue were invalid as well.

References
  1. "Gigamon's (GIMO) CEO Paul Hooper on Q1 2017 Results - Earnings Call Transcript". Seeking Alpha. 27 April 2017. Retrieved 29 June 2017.
  2. "Gigamon makes stock exchange debut; sees shares soar". CRN. 12 June 2013.
  3. "Elliott makes first public buyout with Gigamon in $1.6 bln deal". Reuters. 2017-10-26. Retrieved 2020-06-24.
  4. "Gigamon leads deep observability market, with 71% market share". IT Brief Australia. Retrieved 2023-05-04.
  5. "Gigamon 2014 Form 10-K". U.S. Securities and Exchange Commission. 2015-03-09.
  6. "Gigamon Announces Completion of Acquisition by Elliott Management and Qatar Investment Authority". www.gigamon.com. Retrieved 2018-01-04.
  7. Avalos, George (17 July 2013). "Gigamon will move to new Santa Clara HQ where it could employ 500 people". Mercury News. Retrieved 16 June 2017.
  8. "Calling YCombinators: Lessons from a "Serial First-Timer". Gigaom. 2008-04-04.
  9. Mark Haranas (28 January 2015). "Gigamon takes partner program to next level". CRN. Retrieved 19 June 2017.
  10. "S-1/A". www.sec.gov. Retrieved 2023-04-27.
  11. Novinson, Michael (April 18, 2022). "Observability Vendor Gigamon Promotes Shane Buckley to CEO". www.bankinfosecurity.com. Retrieved 2023-05-04.
  12. Schubarth, Cromwell (11 June 2013). "Gigamon IPO brings in $128.25M, prices at mid-range". Silicon Valley Business Journal. Retrieved 16 June 2017.
  13. Berndtson, Chad (2012-07-13). "Gigamon Files For IPO". CRN. Retrieved 2023-05-04.
  14. "Gigamon will move to new Santa Clara HQ where it could employ 500 people". The Mercury News. 2013-07-17. Retrieved 2023-05-11.
  15. "Gigamon rings the NYSE closing bell". Livestream. 24 February 2016. Archived from the original on 24 October 2017. Retrieved 29 June 2017.
  16. "The past, present and future of network security: An interview with Paul Hooper, CEO of Gigamon". New York Stock Exchange. Archived from the original on 24 October 2017. Retrieved 29 June 2017.
  17. "Gigamon rolls out active visibility, stays ahead of the commodity curve". Network World. 2014-10-29.
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