We wanted to share some big news for KEMP with our community. KEMP Technologies received $16 million in funding from three investors. The investment was led by Edison Ventures’ $7.5 contribution, and included participation from investors Kennet Partners and ORIX. Edison’s operating experience, particularly in sales, marketing and channel development will help to accelerate KEMP’s growth.
The financing comes at an important time in KEMP’s history and we are excited to enter this partnership. As you know, KEMP addresses an essential need in the SMB market that has been ignored. The funding will allow us to expand product development, accelerate sales expansion and extend our international presence. Most importantly, we now have the resources to better support our loyal customers.
I would like to share a few kind words from our investors:
Lenard Marcus, Principal of Edison Ventures and who also led the investment noted, “As bandwidth requirements of corporations large and small continue to increase, KEMP Technologies’ effective and efficient load balancing products are mission critical for managing infrastructure.” Tom Vander Schaaff, an Edison Partner that led the diligence for the investment noted, “KEMP’s customers viewed the technology as a must have and commended the reliability of the technology.”
Eric Filipek, Managing Director of Kennet Partners, added “KEMP has delivered greater than 100% growth with success both in North America and Europe. The company has done a great job at building out a channel that can scale. We look forward to working with the investor group and management team to build a global-category leading business.”