Network software and security company Infoblox has entered into an agreement to be acquired by Vista Equity Partners (Vista) for approximately $1.6 billion.
Under the terms of the agreement, Infoblox stockholders will receive $26.50 per share of common stock in cash, which represents a 33% premium to Infoblox’s average closing share price over the last 60 trading days, and a 73% premium to Infoblox’s unaffected closing price as of May 11, 2016, when media reports of interest in acquiring Infoblox were first published.
Santa Clara, Calif.-based Infoblox that went public in 2012 will maintain its corporate headquarters in Santa Clara, California and continue to be led by its current executive team.
Jesper Andersen, President and CEO of Infoblox
This transaction will provide immediate and substantial value to Infoblox stockholders, while also giving Infoblox greater flexibility to execute on our long-term strategy to drive increased DDI automation and DNS security into the enterprise market.
Brian Sheth, Co-Founder and President of Vista Equity Partners
Infoblox is the trusted market leader in DDI solutions, and their strategy and portfolio of secure automated networking solutions make the company uniquely positioned to deliver for its customers.
