Networking giant Cisco has paid US$3.7 billion for AppDynamics, quashing the latter’s intention to go to an IPO very shortly.
AppDynamics occupies a very interesting niche – Application Performance Management (APM). It monitors the performance of apps and looks at what may be slowing them down – networks, servers, the internet, code and more. iTWire has recently covered its 2017 predictions.
The Cisco announcement comes as a surprise – AppDynamics long-awaited IPO was to be this week.
Cisco states that AppDynamics will continue to be a led by CEO David Wadhwani as a new software business unit under Rowan Trollope, Cisco senior vice president, and general manager, IoT, and Applications business. It looks forward to welcoming the AppDynamics team to Cisco.
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