Elliott Management Acquires Gigamon for ...

Press release published by: https://www.sdxcentral.com/
Author: Ali Longwell
Source URL: https://www.sdxcentral.com/articles/news/elliott-management-acquires-gigamon-for-1-6b/2017/10/

Gigamon, a network visibility company, today agreed to be acquired by private-equity firm Elliott Management for $1.6 billion. Shares of Gigamon rose nearly 6 percent after hours, following the announcement of the acquisition. Elliot Management launched the buyout offer from Evergreen Coast Capital, one of Elliot’s affiliates, in early September.

Calsoft Whitepaper: Storage Performance Testing Guidelines

This paper will illustrate numerous aspects of storage performance and help understand the tricks of the trade for the performance gamut. This will also help understand the performance testing requirements of the storage appliance and translating them into comprehensive test strategy or test plan documents for its successful execution of various user stories to meet the end goals.

Download

The deal is expected to close in Q1 2018, after which Gigamon will become a private company. Elliott will pay $38.50 per share, in cash, for each share of Gigamon. The purchase comes at a premium of 21 percent.

Click here to read more.

About Calsoft

Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com

[Tweet “Elliott Management Acquires Gigamon for $1.6B”]

Talk to our Experts for more details