Elliott-backed Gigamon to acquire cybersecurity startup ICEBRG

July 24 (Reuters) – Gigamon Inc, the U.S. networking software company that hedge fund Elliott Management Corp took private together with Qatar Investment Authority in December for $1.6 billion, is now making an acquisition of its own.

The company has agreed to buy a cybersecurity startup called ICEBRG, Gigamon Chief Executive Paul Hooper told Reuters in an interview.

The terms of the deal were not disclosed, though sources familiar with the matter said it values the Seattle-based startup at roughly $100 million.

ICEBRG was founded in 2014 by Will Peteroy and Josh Carlson, who had worked at the U.S. Department of Defense, the National Security Agency and Microsoft Corp. ICEBRG helps detect and respond to severe threats in corporate and government networks by using analytics to track sensors it installs.

Read further on here, reuters.

Read more on the announcement on Gigamon’s site