Cisco Systems agreed to buy AppDynamics for USD 3.7 billion
Posted on:27 Jan 2017 09:11:13
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27 January 2017 Current Affairs: Cisco Systems has announced its intent to buy AppDynamics. Both the companies are based in San Francisco, the USA.
As per the announcement, Cisco Systems will acquire AppDynamics for approximately USD 3.7 billion in cash and assumed equity awards.
Cisco-AppDynamics deal : With the acquisition, AppDynamics's cloud application and business monitoring platform will enable the Cisco to improve application and business performance.
The combination of Cisco and AppDynamics will allow the Cisco to provide end to end visibility and intelligence from the network through to the application.Cisco will be able to re-define its relationships with customers through new software tools.
Together AppDynamics and Cisco will provide customers with intelligent and actionable insights.
The combination will also help the customers to make speedy business decisions and improve business performance.
Even after the acquisition, AppDynamics will continue to be led by CEO David Wadhwani. AppDynamics will continue as a new software business unit in Cisco's Internet of Things (IoT) and Applications business.
Subject to customary closing conditions, the acquisition is expected to close in Cisco's third quarter of fiscal year 2017.
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