Cisco Systems Plans $3.7 Billion Acquisition of AppDynamics

As part of its push to ramp up software offerings for enterprise customers, Cisco Systems is purchasing software maker AppDynamics Inc. for a premium $3.7 billion, just as the company was about to go public. AppDynamics software helps companies — including airlines, banks and retailers — monitor their applications’ performance and address any potential problems across cloud services offered by Google, IBM and others. The startup was founded by engineer Jyoti Bansal in 2008. Continue reading Cisco Systems Plans $3.7 Billion Acquisition of AppDynamics

New Ericsson, Cisco Alliance to Impact Internet of Things, 5G

Ericsson and Cisco Systems, leaders in mobile and Internet equipment respectively, are forming an alliance to beat back the competition, enjoy synergies in the mobile market and target the growing fields of Internet of Things and 5G. The alliance isn’t a merger, but in many ways acts like one: Ericsson and Cisco plan to integrate their existing equipment, combine some sales and consulting areas and perhaps develop new hardware and services. Competitors include Chinese company Huawei and Nokia, which just bought Alcatel-Lucent. Continue reading New Ericsson, Cisco Alliance to Impact Internet of Things, 5G

New Cisco Chief Announces Sale of STB Unit to Technicolor

Technicolor plans to acquire Cisco’s television set-top business for about $450 million in cash and $150 million in Technicolor shares. Chuck Robbins, who replaces John Chambers as CEO of Cisco next week, said the sale represents the first in a series of planned changes. “We will continue to make decisions to prioritize our portfolio and our investments to accelerate our business,” he wrote, noting that internal efforts associated with cloud services and the Internet of Things would be more widely distributed across Cisco’s engineering, sales and services units. Continue reading New Cisco Chief Announces Sale of STB Unit to Technicolor