SOURCE: Infoblox

April 25, 2005 09:00 ET

Infoblox Secures $30 Million to Continue Rapid Growth

SUNNYVALE, CA -- (MARKET WIRE) -- April 25, 2005 -- Infoblox Inc., a developer of network identity infrastructure (NII) systems, today announced that it has closed $30 million in equity funding. The round was led and fully subscribed by its existing investors, including Sequoia Capital and Lehman Brothers, underscoring their enthusiasm for the network identity infrastructure market and their confidence in the Infoblox solutions and team.

"Our firm is closely associated with many of the most well-known success stories in Silicon Valley, and we regard Infoblox as among the few companies with the ability to join the ranks of the great," said Michael Goguen, managing partner at Sequoia Capital. "Infoblox brings a very senior team of proven professionals with truly unique technology to a large and fast-growing market. This is a formula for success that we are confident will bring substantial returns to the company's customers, employees and investors."

The funding will be used to extend Infoblox's global presence, develop its channel infrastructure, expedite development and evolution of its technology platform, penetrate new markets, and define the emerging NII market.

Many enterprises are beginning to face a "Network Identity Crisis" caused by the inability of legacy NII systems to effectively support the explosive growth in users, devices, and policies on today's IP networks. NII services, domain name resolution, IP address assignment, authentication, authorization and accounting, and user and device policy delivery -- facilitated by the Domain Name System (DNS), Dynamic Host Configuration Protocol (DHCP), Remote Access Dial-in User Service (RADIUS), and Lightweight Directory Access Protocol (LDAP) -- are essential to maintaining the availability and security of critical services and applications like email, eCommerce, remote access and others.

However, they are generally delivered using systems deployed in an ad-hoc fashion as software applications on standard servers. As the demands on networks grow, network administrators spend increasingly precious and limited resources addressing the management, security, reliability and scalability issues associated with these legacy approaches.

Infoblox's purpose-built network identity appliances provide simple, scalable and secure NII service delivery, enabling organizations to reduce the cost and improve the performance and security of current IP applications. Infoblox appliances also allow easy deployment of new applications, such as wireless access and Voice over IP (VoIP), without NII constraints. Further, Infoblox's technology raises the level of visibility and accountability in NII services needed to meet increasing compliance requirements, like Sarbanes-Oxley and HIPAA.

"Thanks to the vision of our founders, the dedication of our people and the support of our customers, Infoblox has developed a unique approach to solving the Network Identity Crisis," said Robert Thomas, president and CEO of Infoblox. "With this additional round of funding from our investors, we are poised to accelerate the delivery of unique solutions that solve immediate NII-related problems and that can serve as the foundation for tomorrow's advanced IP networks."

About Infoblox

Infoblox is the leading developer of network identity appliances that provide a scalable, secure way for enterprises to manage the critical network identity protocols -- including DNS, DHCP, RADIUS and LDAP -- that link business applications to the network infrastructure. Infoblox products increase network control while lowering TCO by delivering services that are more secure and scalable, easier to manage, and more reliable than "build-your-own" server-software solutions. The Infoblox distributed appliance approach also provides a secure, integrated platform for centralizing the management of identity data and services across the network. With sales and marketing presence in more than 30 countries, Infoblox has over 500 customers from a wide range of industries, many of them Fortune 500 companies. For more information, call Infoblox at +1.408.716.4300, email info@infoblox.com or visit www.infoblox.com.

About Lehman Brothers

Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity, and private client services. The Firm is headquartered in New York, London and Tokyo, and operates in a network of offices around the world. Lehman Brothers Venture Partners, established in 1995, targets mid- to later-stage venture capital investments in companies capable of turning innovative technology solutions into successful businesses. For further information about Lehman Brothers' services, products, and recruitment opportunities, please visit its web site at www.lehman.com.

About Sequoia Capital Partners

Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang and David Filo of Yahoo!, Gaurav Garg of Redback Networks, Larry Page and Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of Cypress Semiconductor, Lou Tomasetta of Vitesse Semiconductor, Steve Jobs of Apple Computer and Larry Ellison of Oracle. The companies organized by Sequoia Capital now account for about 10% of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com.

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