Cisco Completes Acquisition of AppDynamics

SAN JOSE, CA--(Marketwired - Mar 22, 2017) - Cisco (NASDAQ: CSCO) today announced that it has completed the acquisition of AppDynamics, a leader in application and business monitoring. Together, Cisco and AppDynamics will deliver visibility across the network, data center, security and applications and drive digital transformation that improves customer experiences.

As digital experiences get simpler for consumers, they get more complex for companies trying to stay ahead of customer expectations. The rise of connected devices, distributed architectures, and multi-clouds have increased the complexity of application environments. Companies need insight into the health of every application and every transaction in order to keep up with the pace of change.

AppDynamics empowers the world's largest customers to digitally transform themselves faster and with more confidence. With AppDynamics, enterprises can watch every line of code and understand its impact on user experience and application performance, while providing real-time insight into the digital business. Together with AppDynamics, Cisco will now be able to offer intelligence, correlation and insights at every level of the infrastructure, security and application. This will enable customers to make more informed IT decisions and improve business results.

"In a digital world, the user experience, application, and business are converged and inseparable. AppDynamics sits at this intersection monitoring the impact of every line of code on business outcomes," said David Wadhwani, current chief executive officer, AppDynamics. "By joining forces with Cisco, we're able to double down on our vision of helping companies overcome the complexity of modern software so they can deliver exceptional customer experiences and drive better business performance."

"We acquired AppDynamics because they are a market leader in a category that will be a cornerstone for how enterprises drive their business forward," said Rowan Trollope, senior vice president and general manager, Internet of Things (IoT) and Applications, Cisco. "Together, AppDynamics and Cisco will be the only company that can deliver complete visibility spanning from the infrastructure to application to end user."

In its last fiscal period as an independent company, AppDynamics saw year over year revenue growth of over 50%, with approximately 75% of last year's product revenue purely subscription-based*. The company has enjoyed significant success and customer traction, including: