Cisco to Acquire Software Firm Founded By Former IIT Delhi Student For 25000 Crore
San Francisco-based software company founded by an IIT alumnus will be acquired by American technology giant Cisco for USD 3.7 billion.
Jyoti Bansal founded application intelligence software company AppDynamics in 2008 with a vision to "help modern enterprises embark on their journey of digital transformation with a disruptive approach to managing their software applications." Cisco said it will acquire AppDynamics for approximately USD 3.7 billion in cash and assumed equity awards.
It said AppDynamics's cloud application and business monitoring platform enabled the world's largest companies to improve application and business performance. "Applications have become the lifeblood of a company's success. Keeping those apps running and performing well has never been more important," sai...