Led by David Wadhwani, CEO and president, AppDynamics provides a cloud application and business monitoring platform that enables the world’s largest companies to improve application and business performance. The addition of AppDynamics will enable Cisco to provide customers with end to end visibility and intelligence from the network through to the application to make business decisions and improve business performance.
AppDynamics will continue to be a led by Wadhwani as a new software business unit in Cisco’s IoT and Applications business, reporting to Rowan Trollope, Senior Vice President and General Manager of Cisco’s Internet of Things (IoT) and Applications.
The acquisition is expected to close in Cisco’s third quarter of fiscal year 2017, subject to customary closing conditions.
The company has been backed by Adage Capital, Altimeter Capital, Cross Creek Advisors, General Atlantic, Goldman Sachs, Greylock Partners, Industry Ventures, IVP, Lightspeed Venture Partners, Battery Ventures, ClearBridge Investments, Kleiner Perkins Caufield & Byers, Sands Capital, and Silicon Valley Bank.