Acquisition alert: Seattle's ICEBRG will join Silicon Valley's Gigamon

by Quinten Dol
July 25, 2018
icebrg seattle security firm cofounders
photo via icebrg

We told you to watch them just a couple of weeks ago, and already ICEBRG has some big news: The security firm announced that it is being acquired by Silicon Valley traffic management and monitoring company Gigamon.

Founded in 2014 by Microsoft and Department of Defense veterans John Carlson and William Peteroy, ICEBRG raised a total of $12.5 million in two funding rounds, including a $10 million Series A two years ago from Salt Lake City’s Pelion Venture Partners and Seattle’s Madrona Venture Group, among others.

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The company deploys sensors at customer locations, which stream network traffic metadata into a cloud-based platform. Security teams then use a rich set of APIs, an advanced query language, enriched metadata and a set of automated detections to identify, prioritize and remediate threats.

ICEBRG co-founder William Peteroy said in a statement he was looking forward to combining the network data from Gigamon’s security platform with his company’s own cloud-based platform.

“We are excited to join Gigamon, a company that shares our vision and desire to reshape the security market,” Peteroy said in the statement. “Together, our expertise in networking and security will help (security teams) focus on defending against the most severe threats in their environments.”

As the team has grown from two to fifty, we’ve been able to accomplish nearly all of our initial business and technology goals.”

In a blog post yesterday, Peteroy mused about the company’s journey thus far.

“As the team has grown from two to fifty, we’ve been able to accomplish nearly all of our initial business and technology goals,” he wrote. “We’ve successfully routed attacks against our clients, discovered zero-day attacks and built capabilities deployed across seven continents.”

Neither ICEBRG or Gigamon disclosed the terms of the deal, but Reuters cited “sources familiar with the matter” who said the Seattle company was worth around $100 million.

The deal will also see Gigamon build a new R&D center in Seattle.

“Gigamon is known for providing high-quality access to network data, whether the network data is accessed from on-premises or cloud environments,” said Eric Ogren, a senior security analyst at 451 Research, in the statement. “The Gigamon-ICEBRG combination offers security teams a better way to prioritize and respond to the most urgent threats, potentially changing how we view security in the (security operations) of the future.”

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