Plixer poised to accelerate market share in global network traffic analytics and incident response markets
Kennebunk, ME, March 08, 2018 – Plixer, a leader in network traffic analytics and incident response is announcing that it has been acquired by Battery Ventures, a global, technology-focused investment firm.
Plixer is best known for its flagship product, Scrutinizer®, which collects, visualizes, and reports on rich metadata gathered from the existing wired and wireless network connections through to private, public, and hybrid clouds. This network traffic analytics system, which is able to scale to any enterprise environment, delivers rich data context and provides the fastest reporting in the industry. Organizations like those in the financial, government, tech, retail, healthcare and education markets rely on Plixer to reduce risk, improve operations, and lower cost while improving application performance.
As part of the transaction, Jeff Lindholm, former Senior Vice President of Brocade, Arbor Networks, and Juniper Networks, has joined Plixer as its new CEO. Mike Patterson and Marc Bilodeau who founded the company in 1999, will continue to participate as members of the corporate leadership team.
“With customers across 108 countries, Plixer has proven itself to be a leader in high performance network traffic analytics for fast, efficient network and security incident response as well as enriched business intelligence,” said Lindholm. “Battery’s investment in Plixer will allow the company to further innovate and expand its product line, align with new technology partners, aggressively attract new clients, and further enhance the value delivered to our existing customers.”
Battery, which was founded in Boston, has invested in many industry-specific software companies like Plixer, a category of companies which offer customers highly specialized products as well as industry-leading support and services. The firm does traditional venture-capital investing as well as larger private-equity deals and has raised over $6.9 billion since inception. The firm is now investing its latest funds with a combined capitalization of $1.25 billion.
“Plixer’s technology is well positioned to take advantage of the rapidly growing network- and security-analytics markets,” said Russell Fleischer, a Battery general partner who is joining Plixer’s board. “Since its inception in 1999, the company has consistently exceeded customer expectations and delivered world-class solutions used by both network and security teams. With the addition of Jeff Lindholm as CEO and Battery’s investment and resources, we look forward to continuing to accelerate Plixer’s growth.”
About Battery Ventures
Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, Tel Aviv and London. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.
About Plixer
Plixer provides a network traffic analytics system that supports fast and efficient incident response. The solution allows you to gain visibility into cloud applications, security events, and network traffic. It delivers actionable data to guide you from the detection of network and security events all the way to root-cause analysis and mitigation. Network and security incidents are inevitable. When they occur, Plixer is there to help you quickly return to normal and minimize business disruption. Thousands of organizations rely on Plixer solutions to keep their IT infrastructure running efficiently. Learn more at Plixer.com, stay connected with the Plixer blog, and follow us @Plixer.
CONTACT:
Jan Wiedrick-Kozlowski
Eskenzi PR
585-392-7878
Jan@eskenzipr.com