ORIX Ventures Makes Equity Investment in Kemp Technologies
HARTFORD, CT – ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies, today announced an equity investment in Kemp Technologies alongside Edison Ventures and Kennet Partners. As a result of the financing, ORIX Venture Finance Co-Head William Bishop has joined Kemp Technologies’ board of directors.
Headquartered in Yaphank, New York, Kemp provides network load balancing appliances and software solutions to small and medium businesses (“SMBs”) at a competitive price point. SMBs require effective and affordable measures to cope with network stress fueled by the growth of online transactions and proliferation of smartphones and other networked-linked devices. Kemp’s solutions enable its customers to optimize their web applications while minimizing response time and server downtime.
William Bishop noted, “ORIX Venture Finance has a lengthy track record of partnering with financial sponsors to deliver flexible growth capital solutions. We are proud of our ability to provide pure debt financing, pure equity capital or a combination of both. Our equity investment in Kemp demonstrates our continued commitment to tailoring the best possible capital solution to fuel a company’s continued success.”
Bishop continued, “Kemp’s seasoned management team, excellent growth profile and strong value proposition to the underserved SMB segment created a perfect fit for ORIX and we are excited to support the company’s growth and international expansion. We also look forward to strengthening our existing relationship with Edison Ventures and to establishing a new relationship with Kennet Partners.”
Lenard Marcus, Principal of Edison Ventures commented, “We value ORIX’s ability to deliver unique debt and equity solutions to our portfolio companies, and welcomed their flexibility on this transaction.”
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