Zeus produce software-based load balancing and web traffic management solutions. From SEP’s first investment in Zeus in 2005, SEP played a pivotal role in steering the Cambridge-based developer towards commercial success. The company was acquired by US-based IT performance company Riverbed Technology (NASDAQ:RVBD) in July 2011 for a total consideration of up to $140 million. Beyond providing capital, SEP provided advice and input at Board level, was a driving force behind a significant recruitment exercise and led negotiations with Riverbed at the time of exit, achieving a return of more than 12 times the original investment.
Jim Darragh, CEO of Zeus commented ‘Scottish Equity Partners were great investors for Zeus and played a very important role all the way through to exit’.