Cisco snaps up AppDynamics for $3.7B right before its IPO

SAN JOSE, CA - AUGUST 10:  A sign is posted in front of the Cisco Systems headquarters on August 10, 2011 in San Jose, California.  Cisco Systems reported better-than-expected fourth quarter revenues with a 3.3 percent rise to $11.2 billion as the company continues to scale down its business. (Photo by Justin Sullivan/Getty Images) 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 —… Read More