Cisco buys AppDynamics for USD 3.7 billion

Nieuws Algemeen Wereld 25 JAN 2017
Cisco buys AppDynamics for USD 3.7 billion

Cisco said it is buying AppDynamics, a privately held application intelligence software company based in San Francisco, for USD 3.7 billion in cash. The company provides its cloud application and business monitoring platform to the world's largest companies, improving their application and business performance.

Rowan Trollope, Cisco’s head of IoT and of its Applications Business Group, said the deal will enable the company to provide end to end visibility and intelligence from the network through to the application, together with security and scale.

AppDynamics was set to launch an IPO but has now shelved the project, the Wall Street Journal reported. AppDynamics CEO David Wadhwani will continue to lead the company, which will become a new software business unit in Cisco's IoT and Applications business. He will report to Trollope. The acquisition is expected to close in Cisco's third quarter of fiscal year 2017, subject to the usual closing conditions.

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AppDynamics,  Cisco

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IT - applications, Corporate strategy, M&A buyouts & divestments, Officers & directors

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