Accedian

Last updated
Accedian
Company type Private
IndustrySoftware and hardware
GenreNetwork communication and application monitoring
FoundersPatrick Ostiguy and 4 partners
Headquarters
Montreal
,
Canada
Owners Bridge Growth Partners

Accedian was a Canadian company that developed network communication and application monitoring software and hardware. [1] Headquartered in Montreal, Canada, the company was majority owned by Bridge Growth Partners, until its acquisition by Cisco in September 2023. [2]

Contents

History

Accedian was founded by Patrick Ostiguy and 4 partners in 2004. [1] The company originally developed service assurance hardware and software for telecommunications service providers, including mobile network operators. The first product was a backhaul networks interface device, which links cell towers to central offices. Accedian has since made network function virtualization and virtualized customer-premises equipment (V-CPE) products.

In March 2017, Accedian announced a US$100M investment by Bridge Growth Partners in return for a major equity stake. [3]

In February 2018, Accedian announced that it had acquired Performance Vision of Paris, France for an undisclosed amount. Performance Vision developed network performance management and application performance management solutions. [4] In 2020, Dion Joannou was CEO of Accedian. [5]

In June 2023, Cisco announced its intent to acquire Accedian, [6] and it completed the transaction in September of the same year. [2]

Awards and recognition

In October 2011, Accedian was named on the Deloitte Fast 50 list of the fifty fastest growing technology companies in Canada. [7] [8]

In 2014, Accedian was named the fastest growing technology company in Canada with first place in the Deloitte Fast 50 list. Accedian placed second in Deloitte's Technology Fast 500 list for North America. [9]

In February 2018, research firm Gartner named Accedian as a Magic Quadrant leader in the network performance monitoring and diagnostics (NPMD) category. [10]

In 2021, Patrick Ostiguy was still executive chairman of Accedian Networks Inc. [11]

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References

  1. 1 2 Harvey, Ian (November 5, 2014). "How this company helps telecoms keep customers happy". The Global and Mail. Retrieved September 7, 2018.
  2. 1 2 "Cisco completes Accedian acquisition". September 29, 2023.
  3. ↑ Jackson, Emily (March 30, 2017). "Montreal network monitoring company Accedian lands US$100-million investment from U.S. firm". Financial Post. Retrieved September 7, 2018.
  4. ↑ "Accedian acquires Performance Vision, enhances network, application management capabilities". Fiercetelecom.com. FierceTelecom. 21 February 2018. Retrieved September 7, 2018.
  5. ↑ Zukis, Bob (June 24, 2020), "A CEO's View Of How The Network Saved Us During The Coronavirus", Forbes , United States, retrieved February 21, 2021
  6. ↑ Wollenweber, Kevin (2023-06-21). "Cisco Announces Intent to Acquire Accedian: Accelerating High Performance Service Assurance". Cisco Blogs. Retrieved 2023-06-21.
  7. ↑ Chapnik Myers, Randi (October 19, 2011). "Accedian Networks tops Deloitte Fast 50 list". The Globe and Mail. Retrieved September 7, 2018.
  8. ↑ Dobby, Christine (October 19, 2011). "Canada's 50 fastest growing tech companies". National Post. Retrieved September 7, 2018.
  9. ↑ Magder, Jason (October 19, 2011). "Montreal companies among Canada's fastest growing". Montreal Gazette. Retrieved September 7, 2018.
  10. ↑ "Magic Quadrant for Network Performance Monitoring and Diagnostics". www.gartner.com. Retrieved September 7, 2018.
  11. ↑ Orton, Tyler (June 5, 2020), Canada's 5G future now in hands of European vendors, Canada: BIV, retrieved February 21, 2021
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