Tags: cisco | appdynamics | business | software

Cisco to Buy AppDynamics for About $3.7 Billion

Tuesday, 24 Jan 2017 09:10 PM

Cisco Systems Inc. said on Tuesday it intends to acquire U.S. business software company AppDynamics Inc. for about $3.7 billion in cash and assumed equity awards.

This is the largest deal for Cisco since it acquired security company Sourcefire for $2.7 billion in 2013.

Appdynamics will continue to be led by David Wadhwani, Cisco said in a statement.

The company had filed for an IPO of up to $100 million in December last year.

IFR reported earlier this month that AppDynamics is scheduled for IPO pricing on Jan. 25 and plans to sell 12 million primary shares at $10 to $12 each.

Cisco said it expects the deal to close by the third quarter of 2017.

 

© 2017 Thomson/Reuters. All rights reserved.

   
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Cisco Systems Inc. said on Tuesday it intends to acquire U.S. business software company AppDynamics Inc. for about $3.7 billion in cash and assumed equity awards.
cisco, appdynamics, business, software
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2017-10-24
Tuesday, 24 Jan 2017 09:10 PM
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