Bridgescale Partners, a California-based investment firm, has led a U.S. $11 million minority investment in Toronto-based BlueCat Networks, a provider of enterprise-class IP Address Management (IPAM) platforms.
Having just completed a record sales quarter, BlueCat Networks will use its first institutional venture capital round to further enhance its award-winning product line and continue the rapid expansion of its global distribution network.
Recognizing network administrators are now facing a variety of external and internal pressures including the introduction of VoIP, wireless devices (including RFID tags), IT virtualization, and the complexity IPv6 brings to the network, BlueCat Networks provides automated solutions that simplify network processes while still enabling enterprises to take advantage of the latest technologies.
Bridgescale, which has announced plans to expand into Canada, has significant experience working with Canadian entrepreneurs and companies and is currently an investor in Cortina, a semiconductor company with a large development center in Ottawa and Proofpoint, which also has a presence in Toronto based on its acquisition of Fortiva.
