Bridge Growth Partners, LLC, a technology investment firm, has signed a definitive agreement to sell Accedian, a leader in performance analytics and end-user experience solutions, to Cisco. Financial terms of the transaction were not disclosed.
Accedian, a leading provider of network and application performance monitoring solutions primarily used by telecommunications companies, was acquired by Bridge Growth in 2017. Since that time, Accedian has undergone significant business transformation, which has included:
Establishing a SaaS-first platform comprised of the world’s most granular and accurate network and application-aware measurement systems aimed at meeting the specialized needs of telecom businesses
Accelerating global growth and customer base expansion through the acquisition of Paris-based Performance Vision
Building a world-class leadership team with key hires in marketing, operations and sales
Entering the cybersecurity category through investment in R&D and product expansion
“Today’s announcement is an exciting next step for Accedian and a testament to our position on the leading edge of SaaS-based service assurance capabilities,” said Dion Joannou, CEO of Accedian. “Over the course of our partnership with Bridge Growth, we benefitted meaningfully from the firm’s deep industry knowledge and operational expertise. They also provided considerable support in the highly relevant Board they put in place and the relationships they facilitated as we expanded our platform and capabilities to meet our customers’ evolving challenges. Now, we are well positioned to bring significant strategic value to our global customers as part of Cisco.”
“We are very proud of the incredible transformation that Dion and the Accedian team has accomplished to become a global leader in network and application performance monitoring,” said Tom Manley, Partner of Bridge Growth Partners. “At Bridge Growth, we strive to work closely with exceptional management teams to create lasting strategic value, with the goal to find the right home for our companies on behalf of all stakeholders. We look forward to Cisco implementing its vision to the benefit of all its customers.”