M&A Deal Summary

Cisco Systems Acquires Accedian

On June 21, 2023, Cisco Systems acquired information technology company Accedian from Bridge Growth Partners

Acquisition Highlights
  • This is Cisco Systems’ 44th transaction in the Information Technology sector.
  • This is Cisco Systems’ 3rd transaction in Canada.
  • This is Cisco Systems’ 1st transaction in Quebec.

M&A Deal Summary

Date 2023-06-21
Target Accedian
Sector Information Technology
Buyer(s) Cisco Systems
Sellers(s) Bridge Growth Partners
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Willkie Farr & Gallagher
Stikeman Elliott (Legal)

Target

Accedian

Montreal, Quebec, Canada
Accedian is a provider of highly accurate network performance monitoring and assurance solutions. Accedian's software and technology are used by the world’s largest mobile, enterprise, and carrier networks to monitor, test, and ultimately ensure the real-time quality of service (QoS) and quality of experience (QoE) for operators. Accedian Networks was founded in 2004 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 221 of 223
Sector (Information Technology) 44 of 45
Type (Add-on Acquisition) 213 of 215
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Tidal

Chicago, Illinois, United States

Tidal is a provider of intelligent application management and automation solutions for information technology companies. Tidal was founded in 1979 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Splunk

San Francisco, California, United States

Splunk is a provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as historical data across your IT infrastructure. Splunk was formed in 2003 and is based in San Francisco, California.

Buy $28.0B

Seller(S) 1

SELLER

Bridge Growth Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Bridge Growth Partners is a private equity firm that targets investments in the technology and technology-enabled financial services sectors. Bridge Growth Partners pursues growth situations and will consider opportunities throughout the US. Bridge Growth Partners was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Finalsite

Glastonbury, Connecticut, United States

Finalsite is a SaaS-based learning and communications platform for K-12 independent and public schools and higher education institutions in the U.S. and internationally. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. Finalsite was founded in 1998 and is based in Glastonbury, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Syniti

Needham, Massachusetts, United States

Syniti engages in information governance and data stewardship solutions, focusing on helping customers manage one of their most critical assets data. Syniti products and services enable organizations to accelerate growth, gain actionable visibility, and reduce risks. Syniti was founded in 1996 and is based in Needham, Massachusetts.

Sell -