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Cisco pays $3.7bn for AppDynamics

January 25, 2017

Cisco Systems has agreed to buy US business software company AppDynamics Inc for about $3.7 billion (€3.4bn), making one of its largest deals of recent years.

Rob Salvagno, Cisco’s vice president of corporate development, said that the acquisition fits Cisco’s long-term direction and its transition toward software.

AppDynamics makes software that manages and analyses apps and currently has about 2,000 paying customers, including NASDAQ, Nike and its new owner, Cisco.

Categories: App, Articles, Business, M&A