Edge Rewrite
restyle Source code View original
// HTMLRewriter · presentation

This page was redesigned at the edge.

Cloudflare fetched the original article and streamed it through HTMLRewriter to apply an entirely new visual system without rebuilding the source page.

Jump to content

Bridge Growth Partners

Add links
From Wikipedia, the free encyclopedia
Bridge Growth Partners
IndustryPrivate equity fund
Founded2013; 13 years ago (2013)[1]
Headquarters
New York City
,
United States
Key people
  • Joseph M. Tucci (chairman and co-founder)[2]
  • Alok Singh (CEO and co-founder)[3]
  • Alison Catchpole (Chief Financial Officer and Chief Compliance Officer)[3]
Websitewww.bridgegrowthpartners.com

Bridge Growth Partners (est. in 2013) is an American private equity fund that invests in technology and financial services companies.[4] Bridge Growth's portfolio holdings include BackOffice Associates, Accedian, Finalsite, Salient CRGT, and Solace Corporation.

History

[edit]

In November 2014, Bridge Growth acquired CRGT, a systems integrator based in Reston, Virginia, a deal reportedly valued at $255M.[5] In August 2015, CRGT was merged with Salient to form Salient CRGT.[6]

In April 2016, Bridge Growth Partners acquired Solace Systems, a developer of middleware software and messaging appliances, in a leveraged buyout.[7][8] The company would subsequently be renamed Solace Corporation. In September 2016, the firm invested in Finalsite, a provider of online learning and communications products, based in Glastonbury, Connecticut.[9]

In March 2017, it announced a majority equity investment in Accedian, based in Montreal, Canada, which develops service assurance and performance monitoring solutions for communications service providers.[10] In August 2017, Bridge Growth Partners announced the purchase of Goldman Sach's stake in BackOffice Associates, a data services firm. After the deal Bridge Growth became the majority stakeholder with Goldman Sachs, SAP, and management team members holding the remaining equity.[11][12]

See also

[edit]

References

[edit]
  1. ↑ "Joe Tucci Named Chairman of Bridge Growth Partners". www.businesswire.com. 2016-10-11. Retrieved 2022-10-05.
  2. ↑ Andy Rosen (2017-08-03). "Joe Tucci's new firm invests in Cape business". The Boston Globe. Retrieved 2018-08-29.
  3. 1 2 "Company Overview of Bridge Growth Partners, LLC". Bloomberg LP. 2018. Retrieved 2018-08-28.
  4. ↑ Dorbian, Iris (30 Mar 2017). "Bridge Growth Partners takes majority stake in Accedian". PE Hub Network. Retrieved 27 Aug 2018.
  5. ↑ Mark Hoover (2014-03-05). "Bridge Growth Partners makes $225M deal for CRGT Inc". Washington Technology. Retrieved 2018-08-28.
  6. ↑ Nick Wakeman (2015-08-11). "Salient, CRGT create merger of equals". Washington Technology. Retrieved 2018-08-28.
  7. ↑ Matthew Monks (2016-04-06). "Buyout Firm Bridge Growth Partners Acquires Solace Systems". Bloomberg News. Retrieved 2018-08-28.
  8. ↑ James Bagnall (2016-04-07). "'An excellent time to step on the gas': Majority stake bought in Ottawa tech 'jewel' Solace Systems". Ottawa Citizen. Retrieved 2018-08-28.
  9. ↑ Cumming, Chris (2016-08-24). "Spectrum Cleared to Sell Stake in Finalsite to Bridge Growth Partners". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-08-28.
  10. ↑ Emily Jackson (2017-03-30). "Montreal network monitoring company Accedian lands US$100-million investment from U.S. firm". Financial Post. Retrieved 2018-08-27.
  11. ↑ Kiel Porter (2017-08-03). "Goldman Sachs to Sell BackOffice Associates to Bridge Growth". Bloomberg News. Retrieved 2018-08-28.
  12. ↑ "Bridge Growth Partners Takes Majority Stake in BackOffice Associates". The Wall Street Journal. 2017-08-03. ISSN 0099-9660. Retrieved 2018-08-27.(subscription required)
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Bridge_Growth_Partners&oldid=1342010024"