AppNeta Secures Funding from Rubicon Technology Partners
New Investment Positions AppNeta for Accelerated Growth
January 4, 2018
BOSTON — January 4, 2018 — AppNeta, the leader 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”, said 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”, said Jason Winsten, Partner at Rubicon Technology Partners.
KeyBanc Capital Markets was the exclusive financial advisor to AppNeta in connection with this transaction.
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.
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AppNeta is the only network performance monitoring solution that delivers deep, actionable, end-to-end network performance data from the end-user perspective. With AppNeta’s SaaS-based solution, IT and Network Ops teams at large, distributed enterprises can quickly pinpoint issues that affect network and business-critical cloud application performance, regardless of where they occur. AppNeta is trusted by some of the biggest Fortune 1000 companies, including 3 out of the 5 largest corporations in the world, as well as 4 out of the 5 largest cloud providers. For more information, visit www.appneta.com.
- Paul Davenport