Cisco acquires ThousandEyes for around $1 billion to make deeper push into software

guest · May 30, 2020

Cisco acquires ThousandEyes for around $1 billion to make deeper push into software
ThousandEyes says its customers include Microsoft, Slack, PayPal and Lyft
May 28, 2020
https://www.cnbc.com/2020/05/28/cisco-acquires-thousandeyes-to-make-deeper-push-into-software.html

Cisco continued its software acquisition spree, announcing on Thursday the purchase of ThousandEyes, whose technology helps companies monitor their network for outages.

Terms of the deal weren’t disclosed, but a person familiar with the matter confirmed a Bloomberg report that the purchase price was about $1 billion.
Since Chuck Robbins was named Cisco’s CEO in 2015, the company has been focused on expanding its portfolio of cloud-based software so it can cater to companies that are moving away from their own data center and into more distributed environments.

ThousandEyes will be part of Cisco’s new Networking Services business unit, which is run by Todd Nightingale, the company said in the release. The purchase follow’s Cisco’s 2017 acquisition of AppDynamics for $3.7 billion, which brought in software that helps companies spot bugs in their apps and quickly fix them.
Click to expand...

Cisco: Cisco Announces Intent To Acquire ThousandEyes

ThousandEyes to Enhance Cisco’s Network Performance and Monitoring Capabilities Across the Enterprise and Into the Cloud
Click to expand...

Log in or Sign up

Cisco acquires ThousandEyes for around $1 billion to make deeper push into software

guest Guest

Log in or Sign up

Cisco acquires ThousandEyes for around $1 billion to make deeper push into software

guest Guest

Useful Searches