San Francisco-based cybersecurity company CloudPassage has named Robert Thomas as CEO. Thomas will also join the board of directors. Previously, Thomas worked at Infloblox where he served as CEO. In addition to this appointment, CloudPassage has tapped founding CEO Carson Sweet as chief strategy officer and board chairman. CloudPassage’s backers include Benchmark Capital, Meritech Capital Partners, Tenaya Capital, Shasta Ventures and Musea Ventures.Continue
Foundation Capital, a venture firm based in Menlo Park, Calif., has hired Srinivas Mantripragada and Geoffrey Wong as entrepreneurs-in-residence. Previously, Mantripragada worked at Infoblox where he recently served as a vice president of technology while Wong is a former product manager for Groupon‘s MerchantOS group.Continue
Trending on peHUB this week: Splunk, Infoblox, Proofpoint, Sequoia Capital, Sevin Rosen, Mohr Davidow, Thrivent, Spectrum Equity, SurveyMonkey, New Mountain Capital, UTIMCO, Union Square Ventures, True Ventures, King.comContinue
Big data software maker Splunk floated shares at $17 this morning, and they are presently trading at $32.01, an 88.3% rise. The San Francisco company priced them above its anticipated $11 to $13 range and raised $229.5 million.Continue
Forget Facebook. The fate of the IPO market this week could depend on the public offerings of three lower profile enterprise companies backed by venture firms: Splunk, Infoblox and Proofpoint.Continue
The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve. At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. […]Continue
Infoblox, a Santa Clara, Calif.-based provider of realt-time network infrastructure solutions, has acquired Netcordia Inc., an Annapolis, Md.-based provider of network change and configuration management solutions. No financial terms were disclosed.
Infoblox has raised over $75 million in VC funding from Focus Ventures, Chess Ventures, Duchossois Technology Partners, Sequoia Capital, Open Prairie Ventures and Tenaya Capital. Netcordia has raised over $17 million from firms that include Novak Biddle Venture Partners and Trinity Ventures.Continue