M&A Deal Summary

Cisco Systems Acquires AppDynamics

On January 25, 2017, Cisco Systems acquired software company AppDynamics from General Atlantic for 3.7B USD

Acquisition Highlights
  • This is Cisco Systems’ 76th transaction in the Software sector.
  • This is Cisco Systems’ 7th largest (disclosed) transaction.
  • This is Cisco Systems’ 167th transaction in the United States.
  • This is Cisco Systems’ 101st transaction in California.

M&A Deal Summary
Date 2017-01-25
Target AppDynamics
Sector Software
Buyer(s) Cisco Systems
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 3.7B USD
Advisor(s) Qatalyst Partners LP (Financial)

Target

AppDynamics

San Francisco, California, United States
website
AppDynamics, Inc. is an application intelligence company that enables enterprises on the path to digital transformation to proactively manage the customer experience. The AppDynamics Application Intelligence Platform delivers the next generation of application performance management and analytics software to monitor, manage, analyze, and optimize customer experiences and the most complex software environments behind them. AppDynamics, Inc. was formed in 2008 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

website

Category Company
Founded 1984
Sector Technology Hardware
Employees83,300
Revenue 51.6B USD (2022)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.

DEAL STATS #
Overall 196 of 222
Sector (Software) 76 of 88
Type (Add-on Acquisition) 189 of 214
State (California) 101 of 112
Country (United States) 167 of 188
Year (2017) 1 of 8
Size (of disclosed) 7 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Heroik Labs

San Francisco, California, United States

Worklife is a provider of software to improve meeting productivity. Worklife was established in 2014 and is headquartered in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Viptela

San Jose, California, United States

Viptela, Inc. is a privately held software-defined wide area network (SD-WAN) company based in San Jose. Viptela provides a compelling SD-WAN solution that simplifies management, increases agility and reduces costs of interconnecting dispersed enterprise networks. Its network management, orchestration and overlay technologies make it easy to deploy and manage SD-WAN.

Buy $610M

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 83 of 144
Sector (Software) 8 of 9
Type (Add-on Acquisition) 33 of 42
State (California) 14 of 20
Country (United States) 45 of 74
Year (2017) 1 of 8
Size (of disclosed) 1 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Fintech

Tampa, Florida, United States

Fintech is a provider of data, payment, and software solutions to the beverage alcohol industry. Fintech’s flagship product, OneSource, provides the beverage alcohol industry. OneSource connects alcohol distributors with retailers and replaces cash, check, and money orders, reducing errors and saving customers time and money. Fintech was founded in 1991 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 WelbeHealth

Menlo Park, California, United States

WelbeHealth provides full-service care to help seniors age well at home and in their community, often at no cost. Services include medical, coordination, home care, dental, transport, physical therapy, prescriptions, social activities and meals. WelbeHealth was founded in 2015 and is based in Menlo Park, California.

Buy -
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