Kemp Acquired by Private Equity Firm Mill Point Capital

Application delivery controller (ADC) and load balancer company Kemp today was purchased by private equity firm Mill Point Capital. Terms of the deal were not disclosed. Kemp CEO Ray Downes told SDxCentral that this acquisition will “fuel and accelerate our next phase of revenue growth and help us expand our addressable market through a combination of organic growth and strategic initiatives.” This growth includes serving a more global customer base as well as innovating its existing products. Downes, and the rest of the Kemp’s management team, will continue to lead the company. John Becker, the current chairman of Kemp will also remain in his position, but in partnership with Mill Point going forward.