Cisco to Buy AppDynamics for $3.7 Billion - WSJ
Cisco Systems Inc. is buying software company AppDynamics Inc. for $3.7 billion, plucking the startup from IPO registration at a big premium in an effort to bolster its software offerings to large enterprise customers.
AppDynamics, whose software helps companies including Cisco monitor the performance of their applications, was gearing up to be the first tech company to go public this year. The company was expected to price Wednesday night, and earlier Tuesday bankers increased the IPO's estimated price that would have valued AppDynamics at as high as about $2 billion.
Read full article from Cisco to Buy AppDynamics for $3.7 Billion - WSJ
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