Wednesday, January 25, 2017

Cisco Snaps Up AppDynamics

Never mind that IPO. San Jose-based Cisco said late Tuesday--in a surprise--that it has acquired San Francisco-based AppDynamics, in a deal worth $3.7 billion in cash and assumed equity awards. The acquisition came on the eve of an IPO by AppDynamics, which had just bumped its expected IPO offering range. The last minute deal makes AppDynamics a new software business unit in Cisco's IoT and Applications business.