We had a significant inorganic move in the vendor space yesterday. The industry giant Cisco has announced its intent to acquire Accedian from their current majority owners at Bridge Growth Partners.
Accedian specializes in performance monitoring and service assurance, laboring behind the scenes of network providers to help keep everything humming along. Those services have become more ubiquitous and necessary in the modern SaaS-driven ecosystem. It’s quite natural then that Cisco is looking to bring such capabilities deeper into the core of its offerings. Automation is everywhere now, and that includes in assuring that the digital experiences Cisco’s customers promise the end user maintain their quality.
In particular, Cisco’s Kevin Wollenweber noted that the deal will allow Cisco to link Accedian’s technology into Cisco’s broader ThousandEyes network assurance platform. They hope to enable better management of latency-dependent services across 5G networks, among other things. The two companies had partnered up in the past as well, so Cisco is quite familiar with Accedian’s capabilities.
The announcement was made on Cisco’s executive blog, with no official PR or regulatory filings out there yet. Financial terms were not disclosed, and the deal is not expected to close before November.
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