Friday, July 13, 2012

Gigamon Files For IPO

Milpitas-based Gigamon has filed for an IPO, saying Friday that it is looking to raise up to $100M under the symbol GIMO. The developer of network traffic hardware is venture backed by Highland Capital Partners. The IPO is being underwritten by Goldman, Sachs & Co., BofA Merrill Lynch, Credit Suisse, Barclays, and Raymond James. The firm reported net income of $10.1M on revenues of $68.10M for the year ended December 31, 2011.