Leading Russian venture fund Almaz Capital announced earlier this week that its portfolio company Vyatta, a Belmont, California-based publisher of software security and networking solutions, has been sold to Brocade, a major provider of network solutions.
Almaz had acquired a minority stake in the company – less than 25%, PR Director Anna Goryacheva told East-West Digital News – just one year ago, along with Californian venture fund HighBar, which also sold its stake to Brocade.
Almaz has not disclosed the amount of this all-cash transaction, but based on unnamed sources Venture-News.ru wrote that Almaz Capital has enjoyed a “three to five fold” return on investment.
Established six years ago, Vyatta promotes its software-based network operating system as “highly relevant for multiple applications in network virtualization, software-defined networking (SDN) and private/public cloud computing platforms.”
Vyatta had recently hired Russian engineers, which formally allowed Almaz, which focuses on Russian startups, to invest in it.
