Elliott and Siris explore $2 billion-plus Gigamon sale, sources say

FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK, ⁠Oct 7 (Reuters) - Elliott Investment Management andSiris are exploring a ⁠sale of Gigamon that could value the infrastructure software ‌provider at more than $2 billion, according to people familiar with the matter.

The firms have tapped investment bankers at Bank of America and Perella Weinberg Partners ​to adviseGigamon on the process, which is ⁠in its early stages, ⁠said the people, who requested anonymity because the deliberations are confidential.

A ⁠sale ‌process could attract interest from private equity firms as well as strategic buyers seeking to expand their capabilities ⁠in network monitoring, cybersecurity and cloud infrastructure management, ​the people said.

Based ‌in Santa Clara, California, Gigamon provides software that helps ⁠companies monitor ​network traffic and detect security threats.Founded in 2004, the company serves more than 4,000 customers globally, including banks, healthcare providers and government agencies,according ⁠to its website.

Gigamon generated more than $400 ​million in annual recurring revenue and around $170 million in earnings before interest, taxes, depreciation and amortization (EBITDA), the sources said.

Gigamon, Siris, Elliott, and ⁠Bank of America declined to comment. Perella Weinberg did not respond to a request for comment.

Elliott acquired Gigamon in 2017 in a take-private transaction, which valued the company at about $1.6 billion. ​Private equity firm Siris bought a minority ⁠stake inGigamon in2024.

The potential sale comes as investors continue to show ​interest in software companies that provide ‌critical infrastructure tools underpinning cloud computing, ​cybersecurity and artificial intelligence deployments.

(Reporting by Milana Vinn in New York; Editing by Echo Wang and Daniel Wallis)

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资料照片：这张摄于2023年3月10日的插图显示了美元纸币。路透社/Dado Ruvic/插图/资料照片

纽约，10 月 7 日（路透社）——据知情人士透露，Elliott Investment Management 和 Siris 正在考虑出售 Gigamon，该交易可能使这家基础设施软件提供商的估值超过 20 亿美元。

据知情人士透露，这些公司已聘请美国银行和佩雷拉·温伯格合伙公司的投资银行家为Gigamon提供咨询服务，目前该过程“尚处于早期阶段”。由于讨论内容属于机密，这些知情人士要求匿名。

知情人士表示，此次出售过程可能会吸引私募股权公司以及寻求扩大其在网络监控、网络安全和云基础设施管理方面能力的战略买家的兴趣。

Gigamon总部位于加利福尼亚州圣克拉拉市，提供帮助企业监控网络流量和检测安全威胁的软件。该公司成立于2004年，据其网站介绍，目前在全球拥有超过4000家客户，包括银行、医疗保健机构和政府机构。

消息人士称，Gigamon 的年度经常性收入超过 4 亿美元，息税折旧摊销前利润 (EBITDA) 约为 1.7 亿美元。

Gigamon、Siris、Elliott 和美国银行均拒绝置评。Perella Weinberg 未回复置评请求。

2017年，Elliott通过私有化交易收购了Gigamon，当时该公司的估值约为16亿美元。2024年，私募股权公司Siris收购了Gigamon的少数股权。

此次潜在出售正值投资者继续对提供支撑云计算、网络安全和人工智能部署的关键基础设施工具的软件公司表现出浓厚兴趣之际。

（纽约米拉娜·文报道；艾可·王和丹尼尔·沃利斯编辑）

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