Great Hill Partners, a private equity firm that seeks to invest in high-growth, disruptive businesses, has made a $250 million growth investment in Auvik Networks, a provider of cloud-based network management software.
“Network management should be easier. That has been Auvik’s rallying cry since 2011 when we set out on a quest to give IT professionals, and the organizations they support, something better – something faster and easier,” said Marc Morin, CEO of Auvik Networks. “By partnering with Great Hill Partners, a growth investor with deep domain experience and expertise, and our continuing investor Celtic House Venture Partners, we are confident that we will be able to accelerate our impact and bring reliable IT solutions to IT professionals everywhere.”
“Auvik has a truly innovative approach to ITOps and has developed powerful software that IT teams not only enjoy using, but is essential to their operations,” said Drew Loucks, a managing director at Great Hill Partners. “We have been very impressed with the company’s customer satisfaction rating and reputation and we believe the team is well positioned to capture a significant portion of the evolving market moving forward.”
Auvik was founded by Morin, Alex Hoff and David Yach.
AQ Technology Partners served as financial advisor and Dentons Canada LLP served as legal counsel to Auvik. Choate, Hall & Stewart LLP and Blake, Cassels & Graydon LLP served as legal counsel to Great Hill Partners.