Cisco (NASDAQ: CSCO) is to acquire ThousandEyes, a San Francisco, CA-based provider of an Internet and Cloud intelligence platform that delivers visibility and insights into the digital delivery of applications and services over the Internet.
The amount of the deal, which is expected to close before the end of Cisco’s Q1 FY’21, was not disclosed.
ThousandEyes will join Cisco’s newly-formed Networking Services business unit, reporting to Todd Nightingale, senior vice president and general manager, Cisco Enterprise Networking and Cloud.
As part of the Networking Services business unit, ThousandEyes CEO and co-founder Mohit Lad will take on the role of GM of ThousandEyes, and Co-Founder, CTO Ricardo Oliveira will continue to drive ThousandEyes product vision and innovation strategy.
The combination of Cisco’s expertise in network and application performance and ThousandEyes’ visibility into the Internet will provide customers with an end-to-end view into the digital delivery of applications and services, allowing them to pinpoint deficiencies and improve network and application performance across enterprise and cloud networks. The deal will also allow enterprises to accelerate their digital transformation, no matter where they are in their journey, by delivering comprehensive visibility into applications and services delivered to customers and employees. Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios to enhance visibility across the enterprise, internet and the cloud.
FinSMEs
29/05/2020