Analysis and Commentary, Mergers and Acquisitions

Details on BlueLane Acquisition

0 Comments 15 October 2008

While Hoff called this one on October 10th, by linking out to the Virtualization.com’s coverage , we still get some ‘scoop points’ for our coverage of the deal in September. After a little further digging, we have confirmed that Blue Lane was well beyond the speculated $18million mark on sugar daddy money, not the $13.4million Virtualization.com cites as their figure. Specifically, they received the following rounds:

  1. November 1st, 2003: $5million from Benchmark Capital and Matrix Partners
  2. June 17th, 2005: $13.8million led by Duff Ackerman & Goodrich with Benchmark Captial and Matrix joining the mix
  3. December 18th, 2006: $8.3million from all the above mentioned plus Presidio STX

This brings their total to a whopping (considering the exit) $27.1million. If indeed, they got picked up for $15million, then VMware got a sweet deal.

Related articles:

  1. Orchestria Gets Picked Off by CA On Monday, Computer Associates announced their intent to acquire DLP player Orchestria. With Provilla getting snagged by Trend Micro, Tablus by RSA,...

Share your view

Post a comment

© 2008 Brightfly, Inc.

Powered by You, the Community.