Pertino


Company Name:
Pertino 
Sector:
Communications 
Transaction Type:
Merger/Acquisition/Advisory 
Ticker Symbol:
- 
Deal Amount:
Undisclosed
Transaction Date:
12/8/2015 
Transaction Summary:
Pertino, a privately-held Silicon Valley company that has pioneered the use of software-defined networking to deliver cloud-based networks as-a-service for enterprise and SMB customers worldwide, completed its previously announced sale to Cradlepoint, the global leader in software-defined 4G LTE network solutions for enterprises. The terms of the transaction were not disclosed. Needham & Company acted as the exclusive financial advisor to Pertino. 
Company Description:
Pertino is a new way to WAN for the mobile and cloud era—secure, software-defined and delivered as a service. Mobile and cloud technologies are transforming IT, resulting in a hybrid IT model where distributed workforces and workloads are reliant on the Internet. Our Cloud Network Engine platform enables enterprises to build and manage private cloud networks that overlay the public Internet, securely connecting people, devices and resources anywhere. With AppScape, our network services app store, Pertino cloud networks can be extended with enterprise-level visibility, security and control services. This modern approach to networking combines the power and pervasiveness of the cloud with SDN and virtualization technologies to eliminate cost and complexity. Finally, a WAN that is cloud-agile and works the way organizations work today, without hardware, hassles, or high costs. Founded in 2011, Pertino is venture funded by premier firms and headquartered in Los Gatos, California. 
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