Cisco Buys AppDynamics For $3.7B
One of Cisco's biggest acquisitions is all about helping companies make sense of the data in their enterprise and make decisions more quickly. As Cisco explained, AppDynamics would help its customers translate operational application data into business insights and provide end-to-end insight across their technology stack. The purchase also represents a new wave of software-led efforts for Cisco. In its last fiscal quarter as an independent company, AppDynamics saw year-over-year revenue growth of over 50 percent, with approximately 75 percent of last year's product revenue purely subscription-based.
