January 31, 2017 Comments Off on Cisco acquires AppDynamics for $3.7 billion
Just a day before its much-awaited IPO, AppDynamics, the San Francisco-based application performance management company, has called off its plans to go public in favour of being acquired by Cisco for $3.7 billion at a $3.9 billion valuation. According to analysts, the exit is a fantastic deal for AppDynamics since the IPO would have valued the company at under $2 billion. For Cisco, the acquisition is part of its strategic push to shift from traditional networking hardware to software and services. The deal is Cisco’s biggest acquisition following its purchase of Jasper Technologies for $1.4 billion in 2015 and Sourcefire for $2.7 billion in 2013.
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