pcJ News Briefs – AppNeta has secured significant growth investment from Rubicon Technology Partners, a private equity firm specializing in enterprise software companies. Financial terms were not disclosed.
AppNeta has been backed by Bain Capital Ventures, Egan-Managed Capital, JMI Equity and BDC Capital. In March 2013, AppNeta raised $16 million in Series C funding from the backers.
Vancouver and Boston based AppNeta intends to use new funding to accelerate AppNeta’s investment into R&D to further enhance its market-leading solutions and go-to-market capacity.
photo credit: AppNeta
AppNeta Secures Funding from Rubicon Technology Partners
New Investment Positions AppNeta for Accelerated Growth
BOSTON — January 4, 2018 — AppNeta, in network and end-user experience performance monitoring for the distributed enterprise, today announced it has secured a significant growth investment from Rubicon Technology Partners, a private equity firm specializing in enterprise software companies.
AppNeta is the network performance platform of choice for many of the world’s top brands, including over 50 of the Fortune 500, as they move down their digital transformation path. Rubicon’s deep expertise in both SaaS and enterprise software-based solutions, combined with their additional operational resources, will be the crucial fuel to the AppNeta growth engine moving forward. The entire AppNeta team is thrilled to have them in our corner.
-Matt Stevens, AppNeta CEO
AppNeta serves more than 1,100 firms around the globe, ingesting and analyzing more than 100 billion unique performance metrics per day via their patented, multi-tenant SaaS platform. AppNeta has become the choice for IT teams when they need proactive insight into the end-user experience of their business-critical applications and the impact of the underlying networks that deliver them. The latest financing will accelerate AppNeta’s investment into R&D to further enhance its market-leading solutions and go-to-market capacity.
AppNeta has built a truly unique, market-leading solution that allows customers to monitor and diagnose network performance issues that impact the end-user experience of cloud-based applications. We look forward to working with Matt and his management team to aggressively scale and grow the AppNeta business through continued product innovation and new customer acquisition. -Jason Winsten, Partner at Rubicon Technology Partners
KeyBanc Capital Markets was the exclusive financial advisor to AppNeta in connection with this transaction.
AppNeta is the leader in proactive application and network monitoring solutions built for the distributed, cloud-connected, digital enterprise. With AppNeta, IT and Network Ops teams can gain complete performance visibility into the usage, delivery and experience of business-critical cloud and SaaS applications from the end user’s perspective. AppNeta’s SaaS platform gives IT teams continuous application and network performance data for every cloud, for any user, from any location. For more information, visit www.appneta.com.
ABOUT RUBICON TECHNOLOGY PARTNERS
Rubicon Technology Partners invests in enterprise software companies with proven products and talented management teams to help grow and scale their businesses. Rubicon enables companies to adapt to the changing requirements of their businesses as they grow and scale using a proven set of proprietary processes, best practices, and a portfolio-wide engagement model called RTP Change Management™. With offices in Menlo Park, CA and Stamford, CT, Rubicon has over $850 million in cumulative capital commitments. For more information, please visit www.rubicontp.com.