Bridge Growth Partners LLC yesterday announced it 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. 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.
