Gigamon
Comment: See comment at my talk page User talk:A412#Draft:Gigamon - Reference 1 (IDCH Vol. 199) ~ A412 talk! 06:22, 3 September 2026 (UTC)
- Comment: Nothing here remotely demonstrates how this subject has somehow become notable since the AfD less than six months ago. Sulfurboy (talk) 18:53, 2 September 2026 (UTC)
- Comment: See Wikipedia:Articles for deletion/Gigamon. ~ A412 talk! 00:15, 29 August 2026 (UTC)
- Comment: Nothing here to remotely demonstrate how this overcomes the recent AfD. We would need a huge status quo change of this company before a draft is considered. Until then please respect the consensus of the very recent AfD. Sulfurboy (talk) 18:24, 12 August 2026 (UTC)
 | This article was deleted per consensus at Wikipedia:Articles for deletion/Gigamon. Please do not move it back to mainspace until the concerns presented in that discussion have been addressed. |
Gigamon Inc. is an American network visibility and traffic-monitoring company headquartered in Santa Clara, California. Founded in 2004, it develops products that route copies of network traffic to an organization's security, monitoring and management tools.[1]:209[2] The company was a public company from 2013 until 2018, when it was taken private by Elliott Management Corporation.[3]
History
Founding and early years
Gigamon was founded in 2004 by Denny Miu, a former UCLA professor who had previously founded the optical-switching company Integrated Micromachines, together with five co-founders whom he recruited individually.[1]:209–210 The company was funded mainly by its founders, with an angel investment of less than $500,000.[1]:210
In June 2005, Gigamon introduced the GigaVUE-MP, a line of data-access switches for security and performance monitoring of enterprise networks. The company reported that it had been profitable since shipping its first GigaVUE product.[1]:210 Co-founder Ted Ho succeeded Miu as chief executive in 2008. In 2010, Gigamon received its first institutional financing, $22.8 million from Highland Capital Partners, which took a 33 percent stake.[1]:210–211
Public company (2013–2018)
Gigamon announced plans for an initial public offering in July 2012. Paul Hooper, previously the company's vice president of marketing and product management, replaced Ho as chief executive at the end of 2012. In May 2013, the company converted from a limited liability company to a corporation and changed its name from Gigamon LLC to Gigamon Inc.[1]:211 It completed its IPO on the New York Stock Exchange in June 2013 at $19 per share.[1]:211[4]
In 2014, Gigamon twice warned investors that quarterly revenue would fall below its guidance. After the second warning, in July 2014, its shares fell about 30 percent in a day and several analysts downgraded the stock; the company's chief financial officer had resigned earlier that year.[5][6]
In 2017, Gigamon faced class action lawsuits on behalf of investors who bought its shares between October 2016 and January 2017, alleging that the company had failed to disclose reduced product bookings and customers' decisions to defer purchases.[1]:212
Acquisition by Elliott
In May 2017, the hedge fund Elliott Management disclosed a 15.3 percent stake in Gigamon and pushed it to explore a sale.[1]:211–212[7] Elliott's private equity arm, Evergreen Coast Capital, submitted a bid in September 2017. Talks broke off over price and resumed after Gigamon reported a 5.1 percent decline in third-quarter revenue, to $79.2 million. In October 2017, Elliott agreed to acquire Gigamon for about $1.6 billion, or $38.50 per share; Reuters described it as Elliott's first buyout of a public company.[3] A shareholder lawsuit alleging that Gigamon had used misleading financial projections to win approval of the sale was dismissed in 2019.[8]
A few months after the acquisition, Gigamon cut about a fifth of its local workforce.[2]
Private company
Gigamon entered the network detection and response (NDR) market in 2018 by acquiring the startup ICEBRG, whose product became ThreatINSIGHT. At the end of 2022, Gigamon sold the ThreatINSIGHT business, along with roughly 30 to 50 employees, to Fortinet; Omdia estimated the price at about $31 million. Omdia analyst Andrew Braunberg wrote that the product had not met Gigamon's commercial expectations, partly because NDR is bought by incident-response teams rather than the security and infrastructure teams that buy Gigamon's visibility products. He described the sale as repositioning Gigamon as a partner to NDR vendors rather than a competitor, and as part of a renewed focus on hybrid-cloud observability, which the company had begun marketing as a "deep observability pipeline".[9]
In October 2023, Bloomberg reported that Elliott was exploring a sale of Gigamon, which it compared to Splunk, at a possible valuation of more than $2 billion.[10] In October 2024, Gigamon notified the state of California that it would lay off 69 workers at its Santa Clara headquarters.[2]
In October 2026, Reuters reported that Elliott and Siris Capital Group were exploring a sale of Gigamon that could value it at more than $2 billion. According to Reuters' sources, the company had more than $400 million in annual recurring revenue and about $170 million in EBITDA.[11]
Litigation
In April 2021, a federal jury in the Eastern District of Texas found the asserted claims of five Gigamon patents invalid in an infringement lawsuit that Gigamon had brought against rival APCON.[12]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Drew D. Johnson, ed. (2018). "Gigamon Inc.". International Directory of Company Histories. 199. St. James Press. pp. 209–212. ISBN 978-1-4103-8106-4. Search this book on
- ↑ 2.0 2.1 2.2 Council, Stephen (15 October 2024). "Bay Area tech company with notorious owner to lay off dozens of workers from HQ". SFGate.
- ↑ 3.0 3.1 Baker, Liana B. (26 October 2017). "Elliott makes first public buyout with Gigamon in $1.6 bln deal". Reuters.
- ↑ Schubarth, Cromwell (11 June 2013). "Gigamon IPO brings in $128.25M, prices at mid-range". Silicon Valley Business Journal.
- ↑ Solomon, Brian (9 July 2014). "One Year After IPO, Gigamon Crashes 30% On Weak Forecast". Forbes.
- ↑ Bort, Julie (9 July 2014). "Another Enterprise Tech Company's Shares Are Imploding: Gigamon (GIMO)". Business Insider – via The Canton Repository.
- ↑ Baker, Liana B.; Flaherty, Michael (11 September 2017). "Exclusive: Elliott's Evergreen makes bid to buy Gigamon - sources". Reuters.
- ↑ Seal, Dean (13 March 2019). "Gigamon Dodges Investor Suit Over $1.6B Sale To Elliott". Law360.
- ↑ Braunberg, Andrew (8 February 2023). "Gigamon Exits NDR Market, Sells ThreatInsight Business to Fortinet". Dark Reading.
- ↑ Tse, Crystal; Baker, Liana (2 October 2023). "Elliott Is Exploring Sale of Technology Company Gigamon". Bloomberg News.
- ↑ "Elliott and Siris explore $2 billion-plus Gigamon sale, sources say". Reuters. 7 October 2026.
- ↑ Brittain, Blake (26 April 2021). "IN BRIEF: Gigamon loses verdict on patent claims against rival". Reuters.
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:Private equity portfolio companies
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