{"id":18952,"date":"2020-05-31T05:08:48","date_gmt":"2020-05-31T05:08:48","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/cisco-to-acquire-internet-monitoring-solution-thousandeyes.html"},"modified":"2020-05-31T05:08:48","modified_gmt":"2020-05-31T05:08:48","slug":"cisco-to-acquire-internet-monitoring-solution-thousandeyes","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/cisco-to-acquire-internet-monitoring-solution-thousandeyes.html","title":{"rendered":"Cisco to acquire internet monitoring solution ThousandEyes"},"content":{"rendered":"

When Cisco<\/a> bought AppDynamics<\/a> in 2017 for $3.7 billion<\/a> just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution ThousandEyes<\/a>.<\/p>\n

Cisco <\/a> would not comment on the price when asked by TechCrunch, but published reports from CNBC<\/a> and others pegged the deal at around $1 billion. If that\u2019s accurate, it means the company has paid around $4.7 billion for a pair of monitoring solutions companies.<\/p>\n

Cisco\u2019s Todd Nightingale, writing in a blog post<\/a> announcing the deal said that the kind of data that ThousandEyes provides around internet user experience is more important than ever as internet connections have come under tremendous pressure with huge numbers of employees working from home.<\/p>\n

ThousandEyes <\/a> keeps watch on those connections and should fit in well with other Cisco monitoring technologies. \u201cWith thousands of agents deployed throughout the internet, ThousandEyes\u2019 platform has an unprecedented understanding of the internet and grows more intelligent with every deployment, Nightingale wrote.<\/p>\n

He added, \u201cCisco will incorporate ThousandEyes\u2019 capabilities in our AppDynamics <\/a> application intelligence portfolio to enhance visibility across the enterprise, internet and the cloud.\u201d<\/p>\n

As for ThousandEyes, co-founder and CEO Mohit Lad told a typical acquisition story. It was about growing faster inside the big corporation than it could on its own. \u201cWe decided to become part of Cisco because we saw the potential to do much more, much faster, and truly create a legacy for ThousandEyes,\u201d Lad wrote.<\/p>\n

It\u2019s interesting to note that yesterday\u2019s move, and the company\u2019s larger acquisition strategy over the last decade is part of a broader move to software and services as a complement to its core networking hardware business.<\/p>\n

Just yesterday, Synergy Research released its network switch and router revenue report<\/a> and it wasn\u2019t great. As companies have hunkered down during the pandemic, they have been buying much less network hardware, dropping the Q1 numbers to seven year low. That translated into a $1 billion less in overall revenue in this category, according to Synergy.<\/p>\n<\/p>\n

While Cisco owns the vast majority of the market, it obviously wants to keep moving into software services as a hedge against this shifting market. This deal simply builds on that approach.<\/p>\n

ThousandEyes was founded in 2010 and raised over $110 million on a post valuation of $670 million as of February 2019, according to Pitchbook Data<\/a>.<\/p>\n

\n

Cisco snaps up AppDynamics for $3.7B right before its IPO<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/wruEA_kA5dA\/<\/p>","protected":false},"excerpt":{"rendered":"

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