Network Services Firm Infoblox Plans to Raise 125M in IPO

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(WEB HOST INDUSTRY REVIEW) — Network infrastructure management provider Infoblox announced on Friday that it is looking to raise as much as $ 125 million in an initial public offering of stock.

Infoblox provides an appliance-based solution that is used in network automation and data centers. Its systems have been sold to more than 5,000 businesses and organizations including Adobe, Best Buy and IBM.

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According to a report by Bloomberg, Infoblox did not specify the number or price of shares it will offer in the filing.
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