Accedian announced its acquisition of Performance Vision, a provider of network and application performance management (NPM/APM).
The acquisition is a complement to Accedian’s performance assurance portfolio. Performance Vision’s technology brings advanced end-user digital experience monitoring capabilities to Accedian’s existing customer base, while expanding its addressable market to key enterprise segments including banking, insurance, healthcare, manufacturing, and cloud services. Financial terms of the deal were not disclosed.
Commenting on the acquisition, Accedian CEO Patrick Ostiguy said, “The combination of Performance Vision and Accedian creates a proposition that is truly unique. There is no other company that is able to offer this level of accuracy and granularity into how the performance of the network and the applications running over it impact the end-user digital experience, in real-time, for enterprises of all sizes.”
The combined Accedian / Performance Vision platform is completely virtual. It unifies capabilities that are normally distributed in a variety of different products and solutions, reducing complexity and total cost of ownership (TCO). Bringing network awareness to application monitoring—and vice versa—means digital assets can be optimized to deliver the best possible business outcome.
“As virtualization and hybrid cloud applications continue to be deployed at an accelerated pace, the interdependence of network and application performance increases significantly,” said Sergio Bea, VP of Global Enterprise and Channels at Accedian. “The ability to see the entire digital infrastructure uniformly—from end-user to multiple data centers, clouds, and SaaS applications—fills a visibility gap that otherwise threatens digital transformation projects’ success, speed, return on investment (ROI), and business value.”
“Our new relationship with Accedian adds valuable scale and reach, allowing us to deliver our solutions to a wider range of customers and organizations than was previously possible,” said Gilles Huguenin, CEO of Performance Vision. “By combining our resources and expertise, we can accelerate innovation and deliver unified solutions that help our customers obtain maximum value and performance from their network and applications—and by extension help their business perform better.”
Accedian’s acquisition of Performance Vision is an expression of intent for the company as it looks to grow its revenue and expand into new markets and business segments in 2018. As part of this wider strategy, and to support the company’s expansion into the enterprise space, Accedian last month made two new executive appointments: Sergio Bea joined the company as VP of Global Enterprise and Channels, while Richard Piasentin took the role of CMO and Chief Strategy Officer.
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