HP acquires Philly-based network-simulation vendor Shunra
Tom Paine
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HP announced this week on a blog post it had acquired Philadelphia-based Shunra, which provides network-virtualization and application-performance engineering technology. Shunra has already been an HP partner.
Shunra Network Virtualization builds real-world application performance testing into business and mission-critical applications prior to deployment. HP said in a statement, "We expect Shunra’s technology will bolster our mobile capabilities and expand our growing Software as a Service (SaaS) portfolio within our Application Delivery Management (ADM) business." Terms of the deal, which is expected to close in the second quarter of 2014, were not disclosed.
Shunra started out in Israel but moved its headquarters to Philadelphia after raising $11.5 million led by Insight Venture Partners in 2004. Shunra had earlier been managed by CEO Thomas Charlton, who also brought another Insight Venture Partners portfolio firm, PHD Virtual, to Philly and served as its CEO, before departing to focus on his own startup, Goliath Technologies. Shunra's current Chairman & CEO is Gary Jackson. PHD Virtual was acquired by another Insight Venture Partners-backed company, Unitrends, late last year.
Shunra's LinkedIn page shows 93 employees, including 26 in the Philadelphia area and 30 in Israel.
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