Elliott and Siris Explore Sale of Gigamon for Over $2 Billion

Key Facts

1Elliott Investment Management and Siris are exploring a sale of infrastructure software provider Gigamon.

2The potential sale of Gigamon could value the company at more than $2 billion.

Elliott Investment Management and Siris are exploring a sale of infrastructure software provider Gigamon. Reuters reported that the potential sale could value the company at more than $2 billion, as the private equity owners look to exit their investment.

The move comes amid ongoing consolidation within the infrastructure software sector. Gigamon represents a strategic target in this market, with the potential deal indicating a healthy appetite for large-scale M&A activity by major investment firms like Elliott and Siris Capital Group.