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- Silver Peak Systems
Silver Peak Systems Acquisition, Valuation, Funding & Investors
Silver Peak Systems was acquired by Hewlett Packard Enterprise for $925M in July 2020.
Cumulative funding Silver Peak Systems raised
$93M
across 2 funding rounds
Key investors in Silver Peak Systems
TCV
About Silver Peak Systems
Silver Peak Systems is a Santa Clara-based SD-WAN provider acquired by Hewlett Packard Enterprise's Aruba division in September 2020. The company develops Unity EdgeConnect appliances and cloud services for secure WAN optimization and application performance acceleration. Deployed in over 100 countries, its technology enhances connectivity for enterprises using MPLS, broadband, and LTE networks.
Founded
2004
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$925M (acquired Jul 2020)
Silver Peak Systems Acquisition
Silver Peak Systems was acquired by Hewlett Packard Enterprise for $925M on 13 July 2020.
Before the acquisition Silver Peak Systems had raised $93M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 13 Jul 2020 | Strategic M&A | $925M |
Silver Peak Systems Funding History
Silver Peak Systems has raised a total of $93M across 2 funding rounds.
Silver Peak Systems' first fundraising round was a $3M seed round in January 2013. The most recent completed round was a $90M undisclosed-stage round in June 2018.
Silver Peak Systems funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2018 | Undisclosed stage | TCV (lead) | $90M | Silver Peak Systems, a Santa Clara-based provider of software-defined wide area networking (SD-WAN) and hybrid WAN solutions, secured a $90 million strategic investment from TCV on June 26, 2018, to accelerate global go-to-market expansion, hire sales teams, and invest in channel partnerships. Prior to this round, the company founded in 2004 had raised approximately $80 million, bringing total funding over $170 million. TCV General Partner Tim McAdam joined the board, citing Silver Peak's complete SD-WAN solution, market differentiation, and traction in the multi-billion-dollar market disrupting the $100 billion enterprise WAN spend category. The investment positions Silver Peak to compete aggressively with players like Cisco and VMware by focusing exclusively on SD-WAN innovation. CEO David Hughes emphasized the opportunity in cloud-first WAN edge solutions and TCV's track record with high-growth tech firms like Netflix and Spotify. Recent enhancements included adding security partners Forcepoint, McAfee, and Symantec to its alliance, alongside Check Point, Fortinet, OPAQ, Palo Alto Networks, and Zscaler. IHS Markit reported Silver Peak's Q1 2018 revenues at $20.2 million, up 15% quarter-over-quarter, with the company noting the estimate as directionally correct despite not publicly disclosing figures. Partners like Alexander Open Systems highlighted Silver Peak's early market entry and strong performance in SD-WAN for bank customers. Later, around 2020, Silver Peak explored a potential $1B sale, but no valuation was tied directly to the 2018 round. |
| Jan 2013 | Seed | - | $3M | - |
Who has invested in Silver Peak Systems?
1 investor has backed Silver Peak Systems across its funding rounds, including TCV.
Lead investors include TCV.
Silver Peak Systems Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Silver Peak Systems investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSilver Peak Systems Competitors
Silver Peak Systems competitors include listed companies like Sify Technologies, Asiainfo Security and N-able, and private ones like Corelight, Solo.io and Nile.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Publicly listed | $468M | $107M | $1000M | 2.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.2B | ($11M) | $781M | 1.1x | ||
| Private | $8M | - | $775M | 96.9x | ||
| Publicly listed | $509M | $80M | $759M | 2.0x |
Silver Peak Systems Public Comps
Silver Peak Systems is no longer listed, but its public comps include Sify Technologies, Asiainfo Security, N-able, Beijing Abt Networks, Richinfo Technology, DPtech, AsiaInfo, Allot, Cerillion and Ribbon Communications.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $468M | $107M | 3.2x | 2.0x | 13.8x | 8.2x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $509M | $80M | 2.1x | 2.0x | 13.5x | 6.8x | |||
| $83M | ($21M) | 8.3x | 8.0x | (33.0x) | - | |||
| $273M | $51M | 4.3x | 4.6x | 22.8x | 18.3x | |||
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $102M | $6M | 3.0x | 2.7x | 48.2x | 21.8x | |||
This data is available for Pro users. Sign up to see all Silver Peak Systems competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Silver Peak Systems
| When was Silver Peak Systems founded? | Silver Peak Systems was founded in 2004. |
| Where is Silver Peak Systems headquartered? | Silver Peak Systems is headquartered in San Jose, CA, United States. |
| Is Silver Peak Systems publicly listed? | No, Silver Peak Systems was acquired by Hewlett Packard Enterprise in July 2020. |
| Who acquired Silver Peak Systems? | Silver Peak Systems was acquired by Hewlett Packard Enterprise in July 2020. |
| How much was Silver Peak Systems acquired for? | Silver Peak Systems was acquired for $925M in July 2020. |
| How much funding has Silver Peak Systems raised? | Silver Peak Systems has raised $93M across 2 funding rounds. |
| What was Silver Peak Systems' last funding round? | Silver Peak Systems' last funding round was a $90M undisclosed-stage round in June 2018, led by TCV. |
| Who are Silver Peak Systems' investors? | Silver Peak Systems' investors include TCV. |
| Which companies are comparable to Silver Peak Systems? | Companies comparable to Silver Peak Systems include Corelight, Sify Technologies, Solo.io, Asiainfo Security, Nile and N-able. |
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