# AppNeta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appneta

- Industry: Software
- Headquarters: Boston, US
- Website: www.appneta.com
- Total disclosed funding: $42M
- Latest round: Series C (Mar 18, 2013)
- Investors on record: 5

## About

AppNeta, Inc. is a provider of SaaS-based application and network performance monitoring solutions designed to enhance operational efficiency and end-user experience across global enterprises.Founded in 2011 and headquartered in Boston, US, AppNeta, Inc. specializes in application and network performance solutions. The company has engaged in 8 investment deals, with its most recent deal occurring on December 7, 2021, involving an acquisition agreement by Broadcom Corp. The latest funding round raised USD 7.90 mn, equating to the total amount raised by the company to date. Fred Klassen is the founder of AppNeta, while Matt Stevens serves as CEO.AppNeta offers a comprehensive SaaS-based application and network performance monitoring solution that emphasizes end-user experience and operational efficiency. Its core product suite includes advanced monitoring capabilities that combine passive and active methodologies, enabling IT and Network Operations teams to gain visibility into the performance of applications from any location. The solution addresses critical use cases such as detecting and resolving network performance issues before they affect users, validating third-party vendor SLAs, and optimizing business-critical cloud application performance. AppNeta serves a diverse clientele, including some of the largest Fortune 1000 companies and major cloud service providers, effectively catering to enterprises distributed globally across North America, Europe, and Asia-Pacific. The platform's utility is particularly pronounced in hybrid work environments, where it supports organizations in their adoption of SaaS applications and internet-first strategies.AppNeta generates revenue through a subscription-based model, targeting enterprise clients with a focus on application and network performance management solutions. Clients typically engage in multi-year contracts that provide access to the full suite of monitoring tools and analytics, facilitating proactive management of their IT infrastructure. The company's flagship offerings include comprehensive network diagnostics and performance monitoring services, which are critical for businesses reliant on uninterrupted connectivity for their operations. Pricing structures are designed to accommodate the varied needs of their clientele, with packages tailored for both large enterprises and smaller organizations. The transactional framework emphasizes B2B relationships, supported by customized service agreements that align with the specific operational requirements of each client.In December 2021, Broadcom Corp agreed to acquire AppNeta, Inc. from various investors, indicating a strategic shift towards enhancing their operational capabilities. The funding acquired will be utilized to further develop their application performance solutions, with potential new product launches expected in the upcoming year. As part of their growth strategy, AppNeta plans to expand into new geographic markets, specifically targeting regions in North America, Europe, and Asia-Pacific, aiming for a broader reach by 2023.

## Funding rounds

- Series C, Mar 18, 2013, $16M — Bain Capital, BDC Capital, JMI Equity, Egan Managed Capital
- Series C, Feb 25, 2009, $12M — Bain Capital, BDC Capital, JMI Equity, Egan Managed Capital
- Series B, Jul 16, 2007, $14M — Bain Capital, BDC Capital, JMI Equity, Aden Investments

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series B, Series C
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B, Series C
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series B, Series C
- Aden Investments — Series B
- Egan Managed Capital (https://capitalatlas.ai/funds/egan-managed-capital) — Series C