Ascent had worked with the team at Concord Communications while they were part of Concord Data Systems. When they transitioned their focus from industrial communications to the emerging market for network management software, Ascent committed to provide capital for the new business strategy and introduced management to new investment syndicate partners.

• That strategic shift and funding led to the creation of a market-leading network management vendor that eventually grew to more than $100 million in revenue.
• Concord went public and achieved market capitalization of more than $700 million prior to being acquired by Computer Associates in 2005.