Author Topic: Cisco closes AppDynamics deal, increases software weight  (Read 15 times)

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Offline Scarlett

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Cisco closes AppDynamics deal, increases software weight
« Reply #1 on: March 22, 2017, 07:14:06 PM »
Cisco closes AppDynamics deal, increases software weight
22 March 2017, 5:42 pm

Cisco today closed its approximately $3.7 billion deal for application analytics specialist AppDynamics giving the networking giant a nice revenue stream and bolstering its software strategy.

The nine-year-old company – which Cisco bought Jan. 24, days before it was to go IPO -- and its almost 1,250 employees become part of Cisco as the 17th acquisition since Chuck Robbins took the CEO reigns in 2015.

+More on Cisco software from Network World: Has Cisco broken out of the network hardware box?+

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Source: Network World Security

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