Kemp Technologies, a provider of the load balancer and application delivery controller solutions and services, announced that it had acquired Mill Point Capital. Mill Point is a private equity firm that builds load-balancing products.
It employs an Executive Partner model and has extensive experience investing in transactions in the technology and business services sectors. Ray Downes will continue the CEO of Kemp Technologies.
“We are partnering with Mill Point. The strong technology foundation we have built and look forward to continuing our world-class innovation and service that is helping customers deliver an optimal application experience.” Ray Downes said.
“Kemp functioning in application delivery and is at the cutting edge of distributed computing network architecture. We believe the company is placed for success given its ever-growing suite of the high-performance load balancer and ADC products and services, that support enterprises of every size and workload requirement.” Craig Adler, an Executive Partner with Mill Point, said.