Cisco to buy AppDynamics for about $3.7 billion

Reuters News
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Posted: Jan 24, 2017 7:59 PM

(Reuters) - Cisco said on Tuesday it intends to acquire AppDynamics Inc for about $3.7 billion in cash and assumed equity awards.

Appdynamics, a U.S. business software company, will continue to be led by David Wadhwani, Cisco said in a statement.

(Reporting by Sangameswaran S in Bengaluru; Editing by Sandra Maler)