Bridge Growth Partners Announces Sale of Accedian to Cisco
Summary
NEW YORK--(BUSINESS WIRE)--Bridge Growth Partners, LLC, a leading technology investment firm, today announced it has signed a definitive agreement to sell Accedian, a leader in performance analytics and end-user experience solutions, to Cisco. 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. 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. “ 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. Accedian’s open and scalable platform removes roadblocks to innovation, enabling cloud-native analytics and empowering customers to launch new assured services based on 5G, SD-WAN and edge technologies.
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