# Accedian Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accedian-networks

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.accedian.com
- Total disclosed funding: $12M
- Latest round: Series B (Feb 14, 2008)
- Investors on record: 3

## About

Based in Canada, Accedian Networks Inc. specializes in network performance solutions, providing real-time monitoring and analytics to enhance service assurance for enterprises and service providers globally.Accedian Networks Inc. was founded in 2004 and operates from its headquarters in Montreal, Canada. The company delivers solutions that enhance network performance and service assurance. The firm has undergone a significant transition in June 2023, when Cisco Systems, Inc. agreed to acquire Accedian from Bridge Growth Partners for undisclosed financial terms. The firm has successfully completed five funding deals, with the most recent being a Secondary Buyout of USD 100.00 mn, bringing the total amount raised to USD 100.00 mn. Patrick Ostiguy founded the company, and Dion Joannou currently serves as CEO.Accedian Networks Inc. offers an integrated suite of products that enhance network performance through real-time monitoring and analytics. The core offering focuses on service assurance, providing clients with visibility into the performance of their digital services across multivendor environments. This solution enables businesses to proactively identify network issues and optimize user experience by correlating performance metrics with user experience scores. The products are mainly targeted at enterprise clients, managed service providers, and telecommunications companies looking to improve service delivery and operational efficiency, with a significant customer base across North America, Europe, and Asia, servicing industries such as telecommunications, healthcare, and financial services.Accedian Networks Inc. generates revenue through a structured subscription model that allows clients to access its suite of services on a recurring basis. Transactions typically involve enterprise-level contracts where clients subscribe to different tiers of service, which may include premium features for advanced analytics and enhanced customer support. These subscriptions provide critical insights into network performance, directly linking to improved operational efficiencies and reduced downtime. The service includes flagship products such as real-time SLA visibility tools and automated assurance features that enhance service delivery, ensuring a tailored approach that meets specific client needs.In June 2023, Cisco Systems, Inc. agreed to acquire Accedian Networks Inc. from Bridge Growth Partners, which will enhance Cisco's critical capabilities and transformational solutions for its customers. This acquisition is expected to bolster Accedian's market position and facilitate the introduction of new products and services in the future.

## Funding rounds

- Series B, Feb 14, 2008, $7.5M — RHO, Skypoint Capital, Fonds de Solidarité des Travailleurs du Québec
- Series A, Mar 9, 2006, $4M — Skypoint Capital, Fonds de Solidarité des Travailleurs du Québec

## Investors

- Skypoint Capital (https://capitalatlas.ai/funds/skypoint-capital) — Series A, Series B
- Fonds de Solidarité des Travailleurs du Québec — Series A, Series B
- RHO (https://capitalatlas.ai/funds/rho) — Series B