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Audax Private Equity Announces Strategic Growth Investment in BlueCat Network, Canadian Business Journal

Toronto, June 23, 2022 (GLOBE NEWSWIRE) — Audax Private Equity (“Audax”) today signs final agreement to make strategic growth investment in major BlueCat Networks (“BlueCat” or “Company”) Announced that it was done. A provider of mission-critical infrastructure software. The financial terms of the transaction have not been disclosed.

Founded in 2001, BlueCat is a leading provider of mission-critical infrastructure software for network control, automation, and security. BlueCat’s Adaptive DNS ™ platform is a dynamic, open, secure, and scalable, automated resource that supports the most challenging digital transformation initiatives such as hybrid cloud adoption, virtualization, and rapid application development. Some of the largest global companies, including 30% of Fortune 100, trust BlueCat to provide the foundation for digital transformation strategies such as infrastructure and application modernization, and manage cyber security risks through protected DNS security. doing.

“Since its inception more than 20 years ago, BlueCat has endeavored to ensure reliable, secure and rapid access from users and devices to the cloud and applications, which allows DNS to digitally transform and cloud. This investment represents an important milestone for us, our customers, our employees, and all our stakeholders in embarking on the next phase of our growth journey. With a long and well-reputed track record of successful partnerships and collaborations with software and technology companies, especially in the areas of infrastructure and security, the company has a particularly good track record of deploying Buy & Build strategies to expand its products and move to adjacent markets. Value-added resources, “said Stephen Devito, Chief Executive Officer of BlueCat Networks.

Iveshu Bhatia, Managing Director of Audax, said: “Importantly, BlueCat leverages increased network complexity caused by device expansion, cloud adoption, and security requirements with existing customers to accelerate new customer growth through additional investment in channel partnerships. It’s in a good position to do so, said Timothy Mack, Managing Director of Audax.

Doug Grissom, Managing Director of MDP, said: We are confident that BlueCat has a bright future in partnership with Audax. “

The transaction is expected to close in the third quarter of 2022 and is subject to certain closing conditions, such as the waiting period required by the Hart-Scott Rodino Act. At the time of closing, Audax will take control of BlueCat and MDP will fully realize its investment in BlueCat.

William Blair and Nomura Securities International Co., Ltd. are financial advisors to BlueCat. Ropes & Gray is a legal counsel to Audax, and Kirkland & Ellis is a legal counsel to BlueCat and MDP.

About BlueCat

BlueCat is an Adaptive DNS ™ company. The company’s mission is to help the world’s largest organizations provide reliable and secure network access from anywhere. To do this, BlueCat has rethought DNS. As a result, Adaptive DNS ™ is a dynamic, open, secure, and scalable, automated resource that supports the most challenging digital transformation initiatives such as hybrid cloud adoption and rapid application development. Headquartered in Toronto and New York, we have offices around the world, including Germany, the United Kingdom, Japan and Singapore.

For more information, please visit bluecat.com.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York and San Francisco. Since its founding in 1999, the company has raised over $ 30 billion in its private equity and private debt business. Audax Private Equity has invested more than $ 9 billion in 150 platforms and over 1,100 add-on companies and is currently investing from the $ 3.5 billion sixth private equity fund. Through a disciplined Buy & Build approach, Audax Private Equity aims to help platform companies drive revenue growth, optimize operations, and carry out add-on acquisitions that significantly increase stock value. With more than 300 employees, Audax is a leading capital partner of North American middle-market companies. For more information, visit the Audax Private Equity website (www.audaxprivateequity.com) or follow us on LinkedIn.

About Madison Dearborn Partners, LLC

Madison Dearborn Partners, LLC (“MDP”) is a leading Chicago-based private equity investment company. Since the establishment of MDP in 1992, the company has raised more than $ 28 billion in total capital and completed more than 150 investments. MDP invests in five specialized industries, including basic industries. Business and government software and services. Financial and trading services; Health care; Telecom, media and technology services. For more information, please visit www.mdcp.com.


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Audax Private Equity Announces Strategic Growth Investment in BlueCat Network, Canadian Business Journal

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