By John Glenday

Cisco has coughed up a colossal $3.7bn to take ownership of business application performance specialists AppDynamics ahead of the latter’s IPO which had been scheduled to take place later this week.

Naturally that has now been called off in light of the takeover move, the latest in a line of ambitious acquisitions designed to propel Cisco beyond its core hardware networking business.

Outlining its ambitious move Cisco said in a release: “Applications have become the lifeblood of a company’s success. Keeping those apps running and performing well has never been more important. Unfortunately, that job has only gotten Read full story ›

Source: The Drum