Information Technology :: Load Balancer Company KEMP Technologies Receives $16 Million in Funding

“As bandwidth requirements of corporations large and small continue to increase, KEMP Technologies’ effective and efficient load balancing products are mission critical for managing infrastructure,” Lenard Marcus, principal of Edison Ventures who also led the investment noted.

Founded in 2003, KEMP Technologies prides itself on creating solutions that are affordable for small-and medium-sized businesses (SMBs). The company first entered the load balancer industry with its LoadMaster technology, catered specifically to the SMBs. Since then, the company has continued to enhance its technology and most recently the company made over its LoadMaster family of server load balancer appliances and application delivery controllers.

Two weeks ago, the New York-based company unveiled LoadMaster 6.0, the latest version of the LoadMaster family, that boasts a flashier look for the New Year.

“The goal of LoadMaster 6.0 is to deliver reliable and high performing server load balancing and application delivery hardware or software-based virtual platform,” Peter Melerud, vice president of product management at KEMP Technologies, told TMCnet. “LoadMaster 6.0 introduces pre-configured application templates that are designed to reduce the time and effort required to optimally deploy business-critical applications. The LoadMaster 6.0 will deliver the next generation of capabilities for more efficient and cost-effective optimized datacenter performance.”

Its advances in the market are certainly paying off as key investors are taking note.

The recent financial news comes at a good time for KEMP Technologies, according to a recent blog post written by the company, as it is looking forward to entering into new partnerships.

“As you know, KEMP addresses an essential need in the SMB market that has been ignored,” officials wrote. “The funding will allow us to expand product development, accelerate sales expansion and extend our international presence. Most importantly, we now have the resources to better support our loyal customers.”

And those customers certainly want more from KEMP Technologies.

As expressed by Tom Vander Schaaff, an Edison Partner that led the investment round, “KEMP’s customers viewed the technology as a must have and commended the reliability of the technology Edison’s operating experience, particularly in sales, marketing and channel development will help to accelerate KEMP’s growth.”

Added Eric Filipek, managing director of Kennet Partners, “KEMP has delivered greater than 100 percent growth with success both in North America and Europe.  The company has done a great job at building out a channel that can scale.  We look forward to working with the investor group and management team to build a global-category leading business.”