Cisco Systems $3.7 billion acquisition of AppDynamics

Overview:

• Cisco has acquired business software company AppDynamics in a $3.7 billion deal.
• The price tag amounts to $26 per AppDynamic share.
• AppDynamics had been anticipated to price an increasingly rare IPO immediately before the acquisition announcement.
• The transaction is expected to close by this upcoming April.
• Morgan Stanley, Qatalyst and Goldman Sachs acted as financial advisers for AppDynamic.

Kurt Stumpo - Journalist