Private Equity Firm Invests in AppNeta Network Performance Monitoring
After a curiously quiet year, AppNeta has lined up a “significant growth investment” from Rubicon Technology Partners, a private equity firm. The announcement lacked any specific financial figures, but pointed to opportunities in the network performance monitoring market.
AppNeta, on our Top 50 Cloud Monitoring and Management Tools list two consecutive years, has roughly 1,100 customers worldwide — including 50-plus members of the Fortune 500. The company enjoyed serious growth earlier this decade. Revenues hit $14.6 million in 2015, representing a 128.18 percent compound annual growth rate (CAGR) over a three-year period, according to the Inc. 5000 list for 2016.
However, it’s unclear whether that growth rate has continued. The company was mostly silent in 2017 — making only one formal announcement during the year. The chatter involved AppNeta Performance Manager, a SaaS-based service that surfaced in March. AppNeta Performance Manager combines application usage, delivery and experience data to help service providers and customers more effectively monitor and enhance application performance.
Fast forward to present day, and AppNeta says the Rubicon investment will allow the company to accelerate its R&D activities. We’ll be watching for more potential milestones this year.
Additional insights from Joe Panettieri.