Notes: This is a solid deal for all investors, most notably Ascent VP who led the first and second rounds in March 2002, July 2003 respectively. Other investors include JMI, Egan, Bain, Castile. Total raise: $28M. Company raised 2 bridge rounds in June and October before raising a slight up round in Feb 05 from Bain and Castile.
NI can expect up to $250m if metrics are met. Even at a $175M acquisition value, it is a 7x multiple to an estimated last year revenue of $25M. NI competes with Intellitactics, Netmuse and lists many customers in the financial services sector. EMC gains an appliance- based security event management solution targetting automated compliance and security information.
Other:
- Our Mar 05 post on NI
- EMC Acquires Network Intelligence Line 56 News
- EMC buys Network Intelligence BusinessWeek
- In Depth: The Transformation Of EMC InformationWeek
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