The Securities

Network visibility vendor Gigamon filed documents with the Securities and Exchange Commission on Friday indicating that the company plans an initial public offering worth as much as $100 million, although that figure could change previously the IPO is made official.

In the filing, Gigamon cited positive cash flow over the past six years, as then as the increasing importance of its monitoring switches and other products in the modern business IT environment.

"Organizations increasingly require enhanced visibility and control of their networks through the efficient collection and analysis of network traffic flows without degrading network performance or reliability," the company asserted.

The company reported that its earnings more than doubled -- from $31.4 million to $68.1 million -- in the 2009-2011 time period. First-quarter earnings of $10.1 million in 2011 grew to $16.7 million while the same period of 2012.

Advanced network management and visibility tools are thought to be important to future IT deployments, as cloud computing, BYOD and other factors fuel an increase in the complexity and load size that business networks must handle.