Deals
Venture-Backed Silver Peak Is Said to Explore $1 Billion Sale
- Company working with a financial adviser to assist it
- Could appeal to public companies with networking businesses
This article is for subscribers only.
Silver Peak Systems Inc., a networking company backed by venture capital firms Greylock Partners and TCV, is exploring a potential sale that could value it around $1 billion, according to people familiar with the matter.
The Santa Clara, California-based company is working with a financial adviser, the people said, asking not to be named because the matter is private. The company could appeal to publicly traded technology firms that have networking businesses, the people said.