IT sector yesterday with the announcement that it has agreed to acquire business software company AppDynamics for $3.7 billion shortly before the latter was slated to launch its initial public offering. The deal should help Cisco appeal to enterprise clients struggling to manage business applications running across multiple cloud deployments.
Category: AppDynamics
Has Cisco broken out of the network hardware box?
Cisco has for a few years now touted software over its hardware powers but with this week’s AppDynamics buy it may have broken out of its traditional bailiwick for good. That’s because AppDynamics gives Cisco customers a unique, intelligent comprehension of what ‘s going on in their business networks from the infrastructure to applications.
Has Cisco broken out of the network hardware box?
Cisco has for a few years now touted software over its hardware powers but with this week’s AppDynamics buy it may have broken out of its traditional bailiwick for good. That’s because AppDynamics gives Cisco customers a unique, intelligent comprehension of what ‘s going on in their business networks from the infrastructure to applications.
Cisco buys app performance tuning startup for $3.7 bn
Cisco Systems on Tuesday announced a $3.7 billion deal to buy a startup specializing in improving the performance of applications, continuing to expand beyond computer networking hardware. The acquisition of AppDynamics came as the San Francisco-based startup was on the cusp of going public with an initial offering of stock.