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Draft:Gigamon

From Wikipedia, the free encyclopedia

Gigamon is a privately held computer security company in Santa Clara, California.[1] It provides network observability and deep observability products and is owned by Elliott Management as of 2023.[2][3][4][5]

History

[edit]

Gigamon LLC was founded in 2004 and was originally operated by Gigamon Systems, LLC.[6][7][8] In 2009, Gigamon converted from a limited liability company to a corporation and changed its name to Gigamon Inc.[8]

In July 2012 the company filed for an IPO, and then went public on June 11, 2013, on the New York Stock Exchange under the symbol “GIMO”.[9][10] During the initial public offering on June 12, 2013, investors bought 6.75 million shares priced at $19 each, generating $128 million in sales.[2][11][12][13]

In 2015, Gigamon moved its headquarters to Santa Clara.[14]

In 2017, Elliott Management Corp through its private equity arm Evergreen Coast Capital, agreed to acquire Gigamon.[3][15][16]

During the early 2020s, Gigamon moved from a traditional data center network visibility to a hybrid and multi-cloud environment. The company introduced “deep observability,” combining network-level telemetry, metadata extraction, and encrypted traffic inspection using Linux eBPF.[17]

In October 2021, Gigamon released a cloud-based platform called Hawk, designed to monitor data in motion within cloud environments.[18] Hawk was later relabeled the Deep Observability Pipeline.[19]

In December 2021, Gigamon partnered with Cirrus Networks to offer managed security services to governments and large enterprises in Australia.[20] The initial three-year partnership focused on the following industries: government, mining, financial services, and education.[20]

In December 2022, Gigamon sold its ThreatINSIGHT to Fortinet.[21]

In 2023, Elliott Investment Management explored a potential sale of Gigamon, valuing the company at more than $2 billion.[16] The following year, Gigamon received an investment from Siris Capital Group, to support its efforts of deep observability solutions.[22]

As of 2026, Gigamon is led by President and CEO, Shane Buckley.[23]

Lawsuits

[edit]

On Friday, April 23, 2021, a federal jury of the US District Court and Eastern District of Texas delivered its verdict regarding Gigamon's claims of APCON Inc.’s infringement on certain specified network technology patents. Gigamon's infringement assertions were denied when the jury unanimously ruled that not only were allegations of APCON's infringement invalid, but all claims related to five network data management patents at issue were invalid as well.[24]

Reference

[edit]
  1. Avalos, George (17 July 2013). "Gigamon will move to new Santa Clara HQ where it could employ 500 people". Mercury News. Retrieved 16 June 2017.
  2. 1 2 "Gigamon makes stock exchange debut; sees shares soar". CRN. 12 June 2013.
  3. 1 2 "Elliott makes first public buyout with Gigamon in $1.6 bln deal". Reuters. 2017-10-26. Retrieved 2020-06-24.
  4. Williams, Shannon. "Gigamon leads deep observability market, with 71% market share". IT Brief Australia. Retrieved 2023-05-04.
  5. "Gigamon 2014 Form 10-K". U.S. Securities and Exchange Commission. 2015-03-09.
  6. "Calling YCombinators: Lessons from a "Serial First-Timer". Gigaom. 2008-04-04. Archived from the original on 2020-12-02. Retrieved 2015-09-15.
  7. Mark Haranas (28 January 2015). "Gigamon takes partner program to next level". CRN. Retrieved 19 June 2017.
  8. 1 2 "S-1/A". www.sec.gov. Retrieved 2023-04-27.
  9. Schubarth, Cromwell (11 June 2013). "Gigamon IPO brings in $128.25M, prices at mid-range". Silicon Valley Business Journal. Retrieved 16 June 2017.
  10. Berndtson, Chad (2012-07-13). "Gigamon Files For IPO". CRN. Retrieved 2023-05-04.
  11. Tadena, Nathalie (2013-06-12). "Gigamon 6.75M-Share IPO Prices at $19 a Share, Within Expected Range - WSJ". Wall Street Journal. ISSN 0099-9660. Retrieved 2026-04-10.
  12. Jarzemsky, Matthew (2013-06-12). "Gigamon Pops 50% in IPO Debut". Wall Street Journal. ISSN 0099-9660. Retrieved 2026-04-10.
  13. Cai, By Debbie (2013-05-30). "Gigamon Sees 6.75M-Share IPO Pricing at $18 to $20 Each - WSJ". Wall Street Journal. ISSN 0099-9660. Retrieved 2026-04-10.
  14. "Gigamon will move to new Santa Clara HQ where it could employ 500 people". The Mercury News. 2013-07-17. Retrieved 2023-05-11.
  15. "Elliott's Private-Equity Affiliate Buying Gigamon for $1.6 Billion". Wall Street Journal. 2017-10-26. ISSN 0099-9660. Retrieved 2026-04-11.
  16. 1 2 Tse, Crystal (October 2, 2023). "Elliott Is Exploring Sale of Technology Company Gigamon". Bloomberg. Retrieved April 10, 2026.
  17. "How Gigamon is making its mark in deep observability | Computer Weekly". ComputerWeekly.com. Retrieved 2026-02-19.
  18. Thompson, Zach. "Gigamon, Outcomex partner for stronger security architecture". SecurityBrief Australia. Retrieved 2023-05-30.
  19. Kobialka, Dan (2022-12-19). "Cybersecurity Partnership: LogRhythm, SentinelOne Unveil Threat Detection, Response Integration -". MSSP Alert. Retrieved 2026-04-11.
  20. 1 2 "Cirrus and Gigamon partner on cyber security services". www.arnnet.com.au. 9 December 2021. Retrieved 2023-05-23.
  21. "Gigamon Exits NDR Market, Sells ThreatInsight Business to Fortinet". Dark Reading. 2023-02-08. Retrieved 2023-05-17.
  22. "Gigamon Announces Strategic Investment from Siris | APMdigest". www.apmdigest.com. Retrieved 2025-04-25.
  23. Novinson, Michael (April 18, 2022). "Observability Vendor Gigamon Promotes Shane Buckley to CEO". www.bankinfosecurity.com. Retrieved 2023-05-04.
  24. Brittain, Blake (26 April 2021). "IN BRIEF: Gigamon loses verdict on patent claims against rival". Reuters. Retrieved 18 December 2024.

Category:Companies based in Santa Clara, California Category:Companies formerly listed on the New York Stock Exchange Category:Computer security companies Category:Network management Category:American companies established in 2004 Category:2004 establishments in California Category:2018 mergers and acquisitions Category:Private equity portfolio companies