Trinity Capital and Morgan Stanley Provide $67MM to cPacket Networks

cPacket Networks completed a $67 million transaction, including a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital.

“We are delighted to have the support and endorsement of Morgan Stanley Expansion Capital and Trinity Capital,” Brendan O’Flaherty, CEO of cPacket Networks, said. “We will strategically utilize their funding to drive market expansion and talent acquisition as we accelerate delivery of our ground-breaking network observability solutions for our clients across financial services, healthcare, high-tech and government sectors.”

In addition to capital, the cPacket team will leverage Morgan Stanley Expansion Capital’s experience in providing strategic advice and global perspective to help build upon its momentum.

“cPacket has demonstrated consistent and highly efficient growth and we are excited to partner with Brendan and his talented team to execute on the next chapter of success,” Pete Chung, head of Morgan Stanley Expansion Capital, said. “The increasing complexity and performance required of modern enterprise networks is driving increasing need for high-quality, real-time packet data and analytics. Many of the world’s most demanding customers trust cPacket to inform their critical decisions and cPacket is at the forefront of technological leadership in the market.”

“We are excited to partner with cPacket as it expands its market-leading network observability technology to address the needs of its blue-chip enterprise customer base,” Jack McNamara, director of technology lending at Trinity Capital, said.

cPacket will use the funds to accelerate product development, including 400Gbps Observability nodes, expanding its cloud and hybrid footprint and introducing the use of artificial intelligence and machine learning to drive business relevant insights from customers’ packet data. In addition, the company will continue to scale its sales and marketing efforts globally.

Citizens JMP Securities served as exclusive financial advisor to cPacket Networks in connection with the transaction.

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