Growth equity investment firm Edison Partners announced it successfully exited Kemp Technologies, which has been acquired by Mill Point Capital. The exit generated a meaningful return and internal rate of return for Princeton-based Edison Partners.
Since Edison Partners’ initial investment of $9 million in January 2012, Kemp has seen six-times revenue growth. The company has more than 25,000 customers spanning all vertical markets and 60,000 application deployments across both enterprise and service provider environments in 115 countries.
Founded in 2000, Kemp is a leading supplier of next-generation load balancer and application delivery controller technology solutions which includes physical, virtual, cloud or multi-cloud environments. The company operates on a global basis with headquarters in New York, and regional hubs in Limerick, Ireland; Munich, Germany; Singapore and Sao Paulo, Brazil.
Mill Point is a middle-market private equity firm focused on control-oriented investments in North America.
The Mill Point team employs an executive partner model and has extensive experience investing in transactions in the technology and business services sectors. Kemp’s management team, including Chief Executive Officer Ray Downes, will continue to lead the company, building on its strong track record of growth and innovation.
