Cisco Closes $3.7 Billion AppDynamics Deal
Cisco closed a $3.7 billion acquisition of application-performance monitoring company AppDynamics (see 1701250060), Cisco said in a Wednesday news release. AppDynamics CEO David Wadhwani will continue to lead as the company becomes a software business unit in Cisco's IoT/Applications business,…
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Cisco said. "We acquired AppDynamics because they are a market leader in a category that will be a cornerstone for how enterprises drive their business forward," Cisco Senior Vice President Rowan Trollope said.