Auvik secures $250 mn investment from PE firm Great Hill Partners

Auvik, a provider of network management software, has secured $250 million investment from Great Hill Partners, a private equity firm.
Dollar spending on technology
The investment is expected to accelerate Auvik’s mission by funding product development, segment expansion, geographic reach, and other strategic growth initiatives.

Auvik’s software helps IT teams manage more than four million devices on over 50,000 networks.

Auvik was founded by Marc Morin, Alex Hoff, and David Yach. The company has been recognized as the #1 ranked Canadian company in the FT Americas’ Fastest Growing Companies, and is a winner of the Deloitte Technology Fast 50TM and Deloitte Technology Fast 500TM for two consecutive years.

AQ Technology Partners served as financial advisor and Dentons Canada LLP served as legal counsel to Auvik. Choate, Hall & Stewart LLP and Blake, Cassels & Graydon LLP served as legal counsel to Great Hill Partners.

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