Converge Digest

Gigamon Rockets Ahead in IPO – Up 50% on Opening Day

On the first day of public trading, shares of Gigamon (NYSE: GIMO) rose 50% to close at $28.47.  The company offered 6,750,000 shares of its common stock at a price to the public of $19.00 per share.

Gigamon provides intelligent Traffic Visibility Networking solutions for enterprises, data centers and service providers.  The company is based in Milpitas, California.

http://www.gigamon.com

In April, Gigamon outlined its vision for software-defined monitoring based on a four-layer architecture: a Services Layer, a Management Layer, an Orchestration Layer and an Applications Layer.

Gigamon said its strategy is to develop a unified Visibility Fabric architecture that would ultimately deliver orchestrated visibility across physical, virtual and software-defined networks (SDN). This will build on Gigamon’s existing architecture and the principles of SDN to provide a centralized, programmable approach that aims to bridge the gap between the raw data passing through the network and optimally presenting that data to the tools that monitor, manage, secure and ensure application and network performance.

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