KEMP Technologies, a Yaphank, New York-based provider of application delivery and load balancing products for the small and medium business segment, has received a $16m financing.
The round was led by Edison Ventures, which injected $7.5m, with participation from Kennet Partners and Orix.
The company intends to use the proceeds for product development, sales and international expansion.
Led by President Ray Downes, KEMP Technologies offers Layers 4-7 load balancing, content switching, server persistence, SSL offload/acceleration, and application front-end capabilities (caching, compression, intrusion prevention system).
In conjunction with the investment, Lenard Marcus, Edison Principal joined the company’s Board of Directors, along with John Becker, Edison Director Network member.