Cisco Closes $3.7 Billion AppDynamics Deal

Cisco closed a $3.7 billion acquisition of application-performance monitoring company AppDynamics (see 1701250060), Cisco said in a Wednesday news release. AppDynamics CEO David Wadhwani will continue to lead as the company becomes a software business unit in Cisco's IoT/Applications business, Cisco said. "We acquired AppDynamics because they are a market leader in a category that will be a cornerstone for how enterprises drive their business forward," Cisco Senior Vice President Rowan Trollope said.