Tagged: network management

Plexxi closed its equity security offering after increasing its fundraising cap


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Change: offered +20% / raised +50% / placed 100%
XDATA – January 26th 2016
Plexxi closed its unregistered equity offering after increasing the placement’s size by 20% to $30.06 million. The offer closed after the company raised $10 million from two additional investors within four months. At closing, a total of seven investors had subscribed to Plexxi‘s offering. The company closed three unregistered private placements which raised an estimated $48.65 million.
Plexxi designs and markets next-generation networking products and solutions for agile data centers, scale-out applications and distributed cloud environments. The company’s products – Plexxi Control and the Plexxi Switch – and market solutions create an optimized network that dynamically helps applications perform better and operate at the speed of business. Investors include Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners.
The company, headquartered in Nashua NH, is led by Richard Napolitano (CEO). Plexxi elected to keep its revenues undisclosed.
The executive team includes David Husak.
The board of directors includes Christopher Schaepe, Clark Masters, Jamie Goldstein and Timothy Barrows.

The company has raised an estimated total of $78.71 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Plexxi
Industry: Other Technology
Amount offered: $30.06 million
Amount placed: $30.06 million
SEC filing: Source
First sale: 08-28-2015
Data as of: 01-26-2016
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Investors buy $5.75 million worth of network management software developer Jolata’s equity


XDATA – October 21st 2015
Jolata disclosed placing 82% of its $7 million non-brokered equity issuance. Based on the filing, three investors started to subscribe to the $5.75 million first close on October 7th. Based on the offering’s structure, the company has until October 2016 to raise an extra $1.25 million. It appears to be the first time the company is filling a security offering under a registration exemption.
Jolata markets a big data solution providing real-time and precise network intelligence, by aggregating, analyzing and visualizing millisecond-precision performance statistics for any flow and anywhere on the network. The company is backed by ATA Ventures (via ATA Fund III).
The company, headquartered in San Jose CA, is led by John Loiacono (President). Jolata elected to keep its revenues undisclosed.
The executive team includes Hatch Graham.
Offering recap
Status: First close
Company: Jolata
Industry: Other Technology
Amount offered: $7 million
Amount placed: $5.75 million
SEC filing: Source
First sale: 10-07-2015
Data as of: 10-21-2015

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BLiNQ Networks disclosed information on its $3.5 million debt issuance


XDATA – October 7th 2015
BLiNQ Networks reported selling 78% of its debt issuance via a subscription which launched on September 22nd. According to the information disclosed, seven subscribers ponied up $2.72 million out of the $3.5 million the company expected to raise. Based on the offering’s structure, the company has until September 2016 to raise an extra $779,000. The company closed four previous unregistered private placements which raised an estimated $27.83 million.
BLiNQ Networks markets and develops an end-to-end network solution which enables operators to design, predict, manage, optimize, and adapt small cell backhaul networks. Investors include New Venture Partners, Summerhill Venture Partners, BDC Venture Capital, Kensington Global Private Equity Fund as well as Win Fund.
The company, headquartered in Ottawa Canada, is led by Carlton Miller (President and CEO).
The executive team includes Ross Morgan.
The board of directors includes Andrew Garman, James Grimes, John Haydon, Joseph Catalfamo, Nazmin Alani and Ralph Faison.

The company has raised an estimated total of $30.55 million via private unregistered security offerings.

Offering recap
Status: First close
Company: BLiNQ Networks
Industry: Telecommunications
Amount offered: $3.5 million
Amount placed: $2.72 million
SEC filing: Source
First sale: 09-22-2015
Data as of: 10-06-2015

 

Hey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available here.

For more information visit www.XDATA.co

Investors buy $30* million worth of NetBrain Technologies’ equity


netbrainNetBrain Technologies disclosed placing 75% of its $40 million non-brokered equity. Based on the filing, four investors started to subscribe to the $30 million first close a little over a week ago. Based on the offering’s structure, the company has until April 2015 to raise an extra $10 million. It appears to be the first time the company is filling a security offering under a registration exemption. Summit Partners announced the growth investment on April 8th and the company on April 11th, however none of the press releases mentioned the investment size.

The company designed and markets an automation solution for networking professionals. The product focuses on simplifying and reducing the efforts associated with designing, documenting and troubleshooting complex networks by employing a map as underlying tool. The map-based automation technology is designed to empower professionals with improved information to make better decisions about their networks.

The company, headquartered in Burlington MA, is led by Lingping Gao (President). NetBrain Technologies elected to keep its revenues undisclosed.

The executive team includes Weilie Ma.
The board of directors includes Lizuo Jin and Peter Knudson.

Offering recap
Status: First close
Company: NetBrain Technologies
Industry: Other Technology
Amount offered: $40 million
Amount placed: $30 million
First sale: 04-07-2014
Data as of: 04-14-2014

*Somewhat outside Random Research’s sweet spot but the investment amount hasn’t been broadcasted yet.