Following a $3.7 billion acquisition, AppDynamics is already looking to access Cisco’s enterprise customer network as it plans to keep up the pace with the big hitters in the new wave of enterprise software vendors.
Cisco completed the acquisition of AppDynamics in March this year for a reported $3.7 billion (£2.86 billion), nearly double its pre-IPO unicorn valuation of $1.9 billion (£1.47 billion).
Speaking at the AppD Summit in London recently, CEO David Wadhwani said that the primary reason for the acquisition from Cisco’s side was its belief in the underlying streaming data model that had been built at AppDynamics, not just in how it could help Cisco, but in its ability to further penetrate the enterprise market.
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May 04, 2017 at 11:20PM
from Scott Carey
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