Cisco buys a company AppDynamics for 3.7 billion dollars
The year has just begun, and already appeared information about the first major acquisition. Cisco Systems announced an agreement to purchase the company AppDynamics. The amount of the transaction is approximately $ 3.7 billion. This is one of the largest acquisitions by Cisco over the years.
The company AppDynamics develops enterprise software. Its customers base includes over 2000 companies, among which, incidentally, is itself Cisco. Through the purchase Cisco expects to diversify its activities.
Note that the amount that is going to put Cisco, about twice the rating AppDynamics for the last round of funding held in November 2015. In that time, the company was worth $ 1.9 billion. In the AppDynamics offer Cisco described as «irresistible».
After absorbing AppDynamics will become part of unit Internet of Things and Applications Unit. By the way, this same unit is the other major acquisition Cisco company Jasper, bought about a year ago for $ 1.4 billion. The completion of the current transaction is expected in April.
Sources: Cisco, Reuters