Bridge Growth Partners, LLC, a private equity firm focused on investments in the technology and technology-enabled services sectors, is to sell Accedian, a specialist in performance analytics and end-user experience solutions, to Cisco. Financial terms of the transaction have not been disclosed.
Bridge Growth Partners, LLC, a private equity firm focused on investments in the technology and technology-enabled services sectors, is to sell Accedian, a specialist in performance analytics and end-user experience solutions, to Cisco. Financial terms of the transaction have not been disclosed.
Accedian, which provides network and application performance monitoring solutions primarily used by telecommunications companies, was acquired by Bridge Growth in 2017.
The transaction is expected to close in the first quarter of Cisco’s fiscal year 2024, which begins July 30, 2023, subject to regulatory approvals and other customary closing conditions.
Accedian is being represented by Evercore as financial advisor and Willkie Farr & Gallagher LLP and Stikeman Elliott LLP as legal counsel.
