Cisco makes one of its biggest deals in recent history as it acquires application intelligence software developer AppDynamics for $3.7 billion just a week ahead of AppDynamics' long-announced IPO.
AppDynamics helps customers monitor the performance of business applications through insights into the workings of said applications. This allows companies to spot chokepoints and performance issues potentially holding back transactions or other kinds of actions, stopping them before it is too late.
"Applications have become the lifeblood of a company's success. Keeping those apps running and performing well has never been more important. Unfortunately, that job has only gotten harder, as IT departments and developers struggle with a tangled web of disconnected, complex data that's hard to understand," Cisco says. "The combination of Cisco and AppDynamics will allow us to provide end to end visibility and intelligence from the network through to the application; which, combined with security and scale, and will help IT to drive a new level of business results."
Post-acquisition AppDynamics remains under the leadership of CEO David Wadhwani, if as a software business unit under the Cisco IoT and Applications business.