Cisco Consolidates Cloud Software Foray, Acquires ThousandEyes For Nearly $1B

Cisco Consolidates Cloud Software Foray, Acquires ThousandEyes For Nearly $1B

Cisco explains the step by saying that "the combination of Cisco's expertise in network and application performance and ThousandEyes' visibility into the Internet will provide customers with an end-to-end view into the digital delivery of applications and services".

ThousandEyes is the latest in a string of cloud-based software acquisitions made by Cisco, following last month's announcement that it intends to buy FluidMesh Networks, as well as last year's purchases of Exablaze, CloudCherry, and Voicea.

When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation.

ThousandEyes keeps watch on those connections and should fit in well with other Cisco monitoring technologies.

"The ThousandEyes acquisition will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks your business relies on by enabling end-to-end visibility when accessing cloud applications", said Cisco.

Zeus Kerravala, principal analyst at ZK Research, told SiliconANGLE that this is an "outstanding acquisition" for Cisco.

Tech giant Cisco has announced its intent to acquire ThousandEyes, a San Francisco-based network intelligence company.

Nightingale said in a statement, "I'm excited to welcome the ThousandEyes team to Cisco".

"ThousandEyes' technology warns us when a user's experience is less than ideal and can pinpoint where those failures were caused", wrote Todd Nightingale, senior vice president and general manager with Cisco in a blog post about the acquisition.

ThousandEyes was founded in 2010 and was valued at $670 million in 2019. "Now with ThousandEyes, Cisco can bring that rich set of internet knowledge and combine it with the data it generates with its own equipment". "Our customers are also ThousandEyes customers".

Traditional monitoring vendors monitored internal networks, were point-to-point, or worked primarily with Cisco gear. We meet partners who are taking a bigger technology stack together.

Cisco Systems Inc. said it will buy startup ThousandEyes Inc.to help extend its push into software and services. "And, when they do that, they're telling us the importance of doing more work with Cisco", said Lad. The deal is expected to be closed before the end of its first fiscal quarter.

ThousandEyes CEO Mohit Lad will become General Manager, while fellow co-founder and CTO Ricardo Oliveira will remain in charge of the company's product vision and innovation strategy.

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