Toronto-based BlueCat Networks, a provider of enterprise IP management solutions, has raised $11 million in its first round of institutional financing led by Menlo Park, CA-based firm Bridgescale Partners.

BlueCat caters to network administrators who face a variety of IP-related pressures like the introduction of VoIP networks, wireless devices (including RFID tags), virtualization, and the complexity IPv6 brings to company networks by offering automated solutions that simplify network processes.

BlueCat Networks markets IP Address Management (IPAM), DNS and DHCP platforms in the form of both physical and virtual appliances. All of its solutions are DNSSEC and IPv6 ready.

Bridgescale Partners in the release indicated that it wants to expand more into Canadian territory for investments.