Home Networking Cisco buys AppDynamics, stops its IPO

Cisco buys AppDynamics, stops its IPO

Networking giant Cisco has paid US$3.7 billion for AppDynamics, quashing the latter’s intention to go to an IPO very shortly.

AppDynamics occupies a very interesting niche – Application Performance Management (APM). It monitors the performance of apps and looks at what may be slowing them down – networks, servers, the Internet, code and more. iTWire recently wrote about its 2017 predictions.

The Cisco announcement comes as a surprise – AppDynamics' long-awaited IPO was to be this week.

Cisco states that AppDynamics will continue to be led by chief executive David Wadhwani as a new software business unit under Rowan Trollope, Cisco senior vice-president, and general manager, IoT, and Applications business. It has said it looks forward to welcoming the AppDynamics team to Cisco.

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Ray Shaw

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Ray Shaw ray@im.com.au  has a passion for IT ever since building his first computer in 1980. He is a qualified journalist, hosted a consumer IT based radio program on ABC radio for 10 years, has developed world leading software for the events industry and is smart enough to no longer own a retail computer store!