Bridge Growth Partners related stories
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83North taps ex-EMC CEO/chairman as special adviser83North has named Joe Tucci as a special adviser. Tucci is the former CEO and chairman of EMC. Currently, he is the co-CEO and co-chairman of GTY Technology Holdings as well as the chairman of Bridge Growth Partners.
- PE-backed Accedian adds three to board
Montreal-based Accedian, a provider of network performance monitoring and assurance solutions, has named Steve Pusey, Steve Mills and Peter Griffiths to its board of directors. Pusey is the former group chief technology officer of Vodafone; Mills is the ex-vice president at IBM Software and Systems; and Griffiths is the former executive vice president of CA Technologies. Accedian is backed by Bridge Growth Partners.
- Bridge Growth adds former Goldman Sachs exec to tech advisory board
Bridge Growth Partners has named Randy L. Cowen to its technology advisory board. Cowen is a former global head of technology and operations, chief information officer and co-chief administrative officer at Goldman Sachs.
- Bridge Growth Partners takes majority stake in Accedian
Bridge Growth Partners has acquired a majority stake in Montreal-based Accedian, a provider of network performance monitoring and assurance solutions. No financial terms were disclosed. Also, Tom Manley has been appointed chairman of the Accedian board while Alok Singh, Bridge Growth Partners Senior Operating Principal Bill Teuber, Accedian CEO Patrick Ostiguy, telecom veteran George Cooney and former Juniper executive Eddie Minshull have joined the company's board of directors.
Bridge Growth acquires majority stake in VC-backed AccedianU.S. private equity firm Bridge Growth Partners has made a majority equity investment in Accedian, a Canadian provider of network performance monitoring and assurance solutions. No financial terms were released; however, the Financial Post reported Bridge Growth invested more than US$100 million to support Accedian's global growth. With the deal, Bridge Growth's Tom Manley will chair the board, while Alok Singh and Bill Teuber will become directors. Founded in 2005 by CEO Patrick Ostiguy, Montréal's Accedian has previously raised funding from Rho Canada Ventures, Skypoint Capital, Summit Partners and other investors.
- Bridge Growth Partners taps former IBM exec Mills as senior adviser
Bridge Growth Partners has named Steve Mills as a senior adviser. Mills is the former executive vice president of IBM Software and Systems.
- PE-backed Finalsite acquires School Website
Finalsite, which is backed by Bridge Growth Partners, has acquired UK-based School Website, a CMS software provider to schools. No financial terms were disclosed.
- Bridge Growth closes debut fund, names chairman
The growth-oriented firm raised $410m after fundraising for about three years.
- Bridge Growth Partners names Tucci as chairman
Bridge Growth Partners has appointed Joseph M. Tucci as chairman. Tucci is the former chairman and CEO of EMC Corp and the former chairman of VMWare.
- Spectrum sells Finalsite to Bridge Growth
Bridge Growth Partners has acquired Finalsite from Spectrum Equity. No financial terms were disclosed. Evercore provided M&A advice to Bridge Growth Partners on the transaction while Aeris Partners did likewise for Finalsite. Based in Glastonbury, Connecticut, Finalsite is a learning and communications platform.