Cisco closes AppDynamics deal, increases software weight
Cisco today closed its approximately $3.7 billion deal for application analytics specialist AppDynamics giving the networking giant a nice revenue stream and bolstering its software strategy.
The nine-year-old company – which Cisco bought Jan. 24, days before it was to go IPO — and its almost 1,250 employees become part of Cisco as the 17th acquisition since Chuck Robbins took the CEO reigns in 2015.
+More on Cisco software from Network World: Has Cisco broken out of the network hardware box?+
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