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Edison Partners Exits Kemp Technologies

Lenard Marcus . April 4, 2019

PRINCETON, NJ (April 4, 2019)—Edison Partners, the growth equity investment firm, today announced the successful exit of Kemp Technologies, a leading provider of load balancer and application delivery controller (“ADC”) solutions and services, to Mill Point Capital. The exit generated a meaningful return and IRR for Edison Partners.

 

Headquartered in New York, Kemp is a leader in powering always-on application experience (“AX”) for enterprises and service providers via its next-generation load balancer and ADC technology solutions. Since Edison Partners’ initial investment of $9 million in January 2012, Kemp has seen 6X revenue growth. The company has more than 25,000 customers spanning all vertical markets and 60,000 application deployments across both enterprise and service provider environments in 115 countries.


Founded in 2000, Kemp has consistently led innovation across enterprise technology platform types, including physical, virtual, cloud or multi-cloud environments.

 

Kemp’s management team, including CEO Ray Downes, will continue to lead the company, which has been named twice as a Visionary in the Gartner Magic Quadrant for Application Delivery Controllers. The company operates on a global basis with regional hubs in Limerick, Ireland; Munich, Germany; Singapore and Sao Paulo, Brazil.

 

“When Edison made its investment we promoted Ray Downes from GM of International to CEO and the decision paid off, said Lenard Marcus, General Partner of Edison Partners and Kemp board member, who led the investment. “The company’s hyper-focus on its customers and products has Kemp well-positioned to favorably compete against the top vendors in the market. The Mill Point transaction will enable Kemp’s management team to continue the company’s global expansion as they move up-market to the enterprise segment.”

 

“Our experience with Edison Partners was exceptional; Lenard and team played an integral role in helping us execute our growth strategy and achieve record performance. We are grateful for their guidance over the last six years, and we look forward to partnering with Mill Point on continuing to deliver innovative solutions and services and pursuing a new level of growth,” said Ray Downes, CEO, Kemp Technologies.

 

Edison Partners has financed and guided more than 200 private companies, a third of which have been in the enterprise solutions space. The firm’s current enterprise solutions portfolio includes All Traffic Solutions, Blue Medora, Bricata, Emplify, ExecVision, Jornaya, Giant Oak, Motionsoft, NS8, PathFactory, Sigstr and Terminus. In addition to Kemp, notable exits in the sector include Archive Systems, Billtrust, eSentire, InSoft, Logfire, Notable Solutions, Operative, Tangoe, Telarix, Uptivity, Virtual Edge, and VFA.

 

About Kemp Technologies

Kemp powers always-on application experience for enterprises and service providers. Leveraging an agile per-app load balancing / ADC consumption model, predictive analytics and automated issue resolution, Kemp is radically simplifying how customers optimize, analyze and secure their applications across private and multi-cloud environments. Kemp counts more than 25,000 customers and 60,000 application deployments in 115 countries. For more information, please visit www.kemp.ax.

 

About Edison Partners

For more than 30 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm’s investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $25 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.

 

Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners is based in Princeton, NJ and manages more than $1.4 billion in assets throughout the eastern United States.

 

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