Mooreland Partners advises Packet Design on the sale to Lone Rock Technology Group LLC
Santa Clara, CA / Austin, TX – March 16, 2013 -Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Packet Design Inc. (“Packet Design”) on the sale to Lone Rock Technology Group LLC (“Lone Rock”).
Packet Design, founded in 2003, is the leading provider of route analytics software for IP networks. Its patented technology provides unique visibility into routing and traffic behavior across the entire cloud. Network managers at hundreds of the largest service providers, mobile operators, cable and broadband providers, enterprises and government agencies spanning five continents rely on the intelligence Packet Design provides to optimize the performance and control of their networks. “Packet Design has pioneered the complex science of route analytics for a decade,” said Joel Trammell, Managing Partner of Lone Rock Technology Group. “We believe its technology, world-class talent, and marquis customers position it extremely well in a market growing over 12% CAGR, and we are excited by the opportunity for growth.”
About Packet Design
Packet Design is the leading provider of route analytics solutions for IP networks. Packet Design’s management software provides the intelligence needed to optimize network routing and performance in real time. The world’s largest service providers, mobile operators, cable and broadband providers, enterprises and government agencies use Packet Design products to improve the reliability, efficiency and predictability of their physical and virtual networks while maximizing the return on assets. Additional information about Packet Design is available at www.packetdesign.com.
About Lone Rock Technology Group
Lone Rock Technology Group is an operationally oriented investment firm focused on the enterprise software industry. Lone Rock specializes in acquiring or taking significant control positions in software companies that have an established market presence, proprietary technologies and can benefit from Lone Rock’s expertise, back-office resources and proven success in establishing growth-oriented operational excellence. For more information, please visit www.lonerock.com.