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ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies, today announced an equity investment in
Kemp Technologies alongside Edison Ventures and Kennet Partners. As a result of the financing, ORIX Venture Finance Co-Head William Bishop has joined Kemp Technologies’ board of directors.
Headquartered in Yaphank, New York, Kemp provides network load balancing appliances and software solutions to small and medium businesses (“SMBs”) at a competitive price point. SMBs require effective and affordable measures to cope with network stress fueled by the growth of online transactions and proliferation of smartphones and other networked-linked devices. Kemp’s solutions enable its customers to optimize their web applications while minimizing response time and server downtime.
William Bishop noted, “ORIX Venture Finance has a lengthy track record of partnering with financial sponsors to deliver flexible growth capital solutions. We are proud of our ability to provide pure debt financing, pure equity capital or a combination of both. Our equity investment in Kemp demonstrates our continued commitment to tailoring the best possible capital solution to fuel a company’s continued success.”
Bishop continued, “Kemp’s seasoned management team, excellent growth profile and strong value proposition to the underserved SMB segment created a perfect fit for ORIX and we are excited to support the company’s growth and international expansion. We also look forward to strengthening our existing relationship with Edison Ventures and to establishing a new relationship with Kennet Partners.”
Lenard Marcus, Principal of Edison Ventures, commented, “We value ORIX’s ability to deliver unique debt and equity solutions to our portfolio companies, and welcomed their flexibility on this transaction.”
About ORIX Venture FinanceORIX Venture Finance, an ORIX Corporate Capital business unit, provides customized financial solutions up to $50 million in capital per transaction to mid- and late-stage companies which have established customers and run-rate revenues of $10 million or greater. Since its inception in 2001, ORIX Venture Finance has invested in more than 90 growth companies throughout the U.S. and Canada. www.orixventurefinance.com. ORIX USA, the parent of ORIX Corporate Capital, is a Dallas, Texas-based financial services and investment firm with over 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus and Minneapolis. ORIX USA holds approximately $6 billion of assets and manages through various subsidiaries an additional $25 billion. ORIX USA Corporation (www.orix.com) is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 27 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX).About KEMP TechnologiesKEMP Technologies is a leader in affordable server load balancer appliances and application delivery controllers tailored to meet the needs of businesses that rely on the Internet for e-commerce and business-critical applications. KEMP helps companies rapidly grow their business with 24/7 high-availability, better web infrastructure performance, scalability and secure operations – while streamlining IT costs. KEMP’s highly affordable LoadMaster products include Layers 4-7 load balancing, content switching, server persistence, SSL offload/acceleration, and application front-end capabilities (caching, compression, intrusion prevention system), plus one full year of product support – delivering industry leading price/performance value. For more information, visit www.KEMPtechnologies.com, or call at +1 631-345-5292.