Cisco’s buying machine learning startup Perspica and folding team into AppDynamics
Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More Continue reading Cisco’s buying machine learning startup Perspica and folding team into AppDynamics
When Cisco acquired AppDynamics in January for $3.7 billion, it was a big surprise as the company was on the verge of going public. While it’s probably too soon to say how intertwined it will become in the Cisco product family, it continues to march forward announcing an update to the products set at the AppD Summit today in New York City.
Applications management company AppDynamics was just wrapping up the final touches on its initial public offering when they learned that Cisco was interested in discussing a potential deal, after preliminary talks were abandoned in November. The discussion picked up again last week, and the IPO was slated to price tomorrow. Although many companies seek acquisition offers in the months leading… 
Cisco said today that it would acquire AppDynamics, which helps companies monitor application performance, for a whopping $3.7 billion. And now, it would seem that AppDynamics’ long-awaited IPO (this week!) has been called off in favor of a giant acquisition. It isn’t Cisco’s first major acquisition in recent memory — in fact, the company has been quite active —… 
It seems to have been the week for modern application performance monitoring tools to announce major updates. First, New Relic announced theirs on Monday and today AppDynamics followed suit with its own update to provide more direct insight into business performance — not just the underlying systems and applications. Both messages are remarkably similar, even the platform naming. On…