AppDynamics Named a "Leader" in Gartner's Magic Quadrant for Application Performance Monitoring for Third Consecutive Year

SAN FRANCISCO, CA--(Marketwired - Oct 30, 2014) - AppDynamics, the application intelligence leader for software-defined businesses, today announced it has been positioned by Gartner as a "Leader" in the 2014 "Magic Quadrant for Application Performance Monitoring" report for the third consecutive year. In addition to being placed in the "Leaders" quadrant, the company was positioned furthest to the right on the 'completeness of vision' axis in the Magic Quadrant.

Evaluation criteria for 'completeness of vision' included market understanding, marketing strategy, sales strategy, product strategy, business model, vertical and industry strategy, innovation, and geographic strategy. Criteria for 'ability to execute' included product, overall viability, sales execution and pricing, market responsiveness and record, marketing execution, customer experience, and operations.

Jonah Kowall, research vice president at Gartner, in his report Monitoring Must Evolve to Meet Tomorrow's Demands, writes, "Today's monitoring tools were built to handle yesterday's IT infrastructures. Today's environments require monitoring with architectures that can capture and analyze big data. IT operations professionals should implement tools that facilitate today's scale and tomorrow's analytical use cases."¹

Jyoti Bansal, AppDynamics founder and CEO, said of the recognition, "Our mission is to deliver a next generation 'application intelligence' platform architected from the ground up for today's complex, highly distributed Big Data applications that dramatically simplifies performance management, while capturing real time operational and business analytics for running a more efficient and profitable business. We feel to be recognized as a leader by Gartner for the third consecutive year validates that our feature-rich, highly scalable solutions are meeting the needs of today's most modern enterprises."

AppDynamics' believes its positioning as a leader underscores the acceptance and adoption of its Application Intelligence platform among customers worldwide. AppDynamics currently has over 1,500 customers, and has doubled its customer base every year for the past three years. Customers include some of the largest banks, retail companies, and SaaS providers worldwide. In the last year the number of employees grew from 200 to over 500; AppDynamics now has a presence in a dozen countries including the US, UK, France, Germany, India, Japan, Australia, and Singapore. This summer the company announced that it secured $120 million in growth financing to accelerate expansion of the platform into the IT operations and business analytics markets, and to accelerate go-to-market investments and sales expansion.