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Cisco to acquire software platform AppDynamics

Cisco on Tuesday (January 24, 2017) announced that it has agreed to acquire application intelligence software platform AppDynamics for a reported price of $3.7 billion.

In a blog post, Cisco described AppDynamics as a company that is responsible for helping enterprises identify their state of business and improve customer experience through business insights.

“Together with Cisco’s industry leading digital network architecture, customers will now have unprecedented end to end insight across their technology stack, from infrastructure to application,” Cisco said.

The tech company notes that the AppDynamics acquisition supports its transition toward “software-centric solutions” that provide recurring revenue.

Cisco expects the acquisition to be completed in its third quarter of fiscal year 2017.

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