Madison Dearborn Partners to acquire BlueCat Networks
Canadian enterprise DNS solutions provider BlueCat Networks has agreed to be acquired by U.S. private equity firm Madison Dearborn Partners. No financial terms were disclosed for the deal, which will see BlueCat's existing management team remain in place and retain an equity ownership position. The deal will also provide an exit for the company's existing backers, Trident Capital and Northleaf Capital Partners. Toronto-based BlueCat was founded in 2001 by Michael Hyatt and Richard Hyatt, and is led by CEO Michael Harris. It said the partnership with Madison Dearborn will help accelerate growth through product development and marketing. The acquisition is expected to close in Q2 2017.
23 February 2017•4 mins read
