Elliott, Siris weigh $2bn-plus sale of Gigamon
Activist investor Elliott Investment Management and Siris Capital are considering a sale of network infrastructure software provider Gigamon in a deal that could value the company at more than $2bn, according to a report by Reuters citing unnamed people familiar with the matter.
Investor groups Elliott Investment Management and Siris Capital are exploring the possibility of selling network infrastructure software firm Gigamon for over $2 billion, according to Reuters. The potential deal remains in its early stages and has not been publicly disclosed, as sources cite confidentiality. The firms have engaged Bank of America and Perella Weinberg Partners to advise on the transaction, which could attract both private equity investors and strategic buyers interested in the network monitoring, cybersecurity, and cloud infrastructure management sectors.
Gigamon, based in Santa Clara, California, specializes in software that aids businesses in monitoring network traffic and detecting security threats. Founded in 2004, the company has more than 4,000 customers globally, including financial institutions, healthcare organizations, and government agencies. It generates more than $400 million in annual recurring revenue and around $170 million in EBITDA.
Gigamon declined to comment, as did Elliott, Siris, and Perella Weinberg Partners, which did not respond to a request for information. Elliott had previously taken Gigamon private in 2017 for roughly $1.6 billion, and Siris acquired a minority stake in the company in 2024.
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Also reported by 1 other outlet
- Elliott, Siris weigh $2bn-plus sale of Gigamon hedgeweek.com
