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User:Janweh64/AppDynamics

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AppDynamics, Inc.
Company typeSubsidiary
IndustryApplication Performance Management
Founded2008
FounderJyoti Bansal Bhaskar Sunkara
Headquarters
San Francisco, CA
,
United States
Key people
  • David Wadhwani, CEO
  • Jyoti Bansal, Chairman, and Chief Strategist
  • Bhaskar Sunkara, CTO
RevenueUS$ 230 million (2016)[1]
ParentCisco Systems
Websiteappdynamics.com

AppDynamics is an American privately held application performance management and IT Operations Analytics company based in San Francisco. As of the early 2017 acquisition, it is a subsidiary of Cisco Systems. The company focuses on managing the performance and availability of applications across cloud computing environments as well as inside the data center.[2]

History

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Founding

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AppDynamics was founded in 2008 by Jyoti Bansal, a former lead software architect at Wily Technology.[3] A provider of application performance management (APM) technology, AppDynamics was also co-founded by Bhaskar Sunkara who serves as the chief technology officer.[4] It is based in San Franscisco, California.[5]

In 2008, the company received the first $5.5 million backing from venture capital firms Greylock Partners and Lightspeed Partners. Between 2008–2014, AppDynamics received a total of five rounds of funding adding up to $156.5 million.[6] In Feb 2010, AppDynamics 2.0 was released with features intended for Web 2.0.[7] Priceline became one of AppDynamics' first major customers, contracting the company to ensure Priceline's "internet application connections are functioning properly."[3] Electronic Arts and Netflix soon followed suit.[8]

Growth and patent dispute

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AppDynamics' chief product is a software that monitors the live performance of applications and services offered by other firms.[1][9] AppDynamics is also designed to monitor software housed in cloud servers. According to Fortune Magazine, the advent of Amazon Web Services created a large demand for monitoring of applications not based in a single physical data center. This was "the single biggest source of growth for AppDynamics, whose technology tracks the performance of modern software and spots problems in it."[10]

On April 10, 2013, CA Technologies (formerly Computer Associates) filed a lawsuit in the US District Court for the Eastern District in New York.[11][12] The lawsuit claimed that AppDynamics violated three patents that came into CA Technologies' possession through acquisitions.[13] This was the second action CA Technologies filed in connection with alleged infringement of patents it obtained in the acquisition of Wily Technology.[11][12] On April 20, 2015, AppDynamics and CA settled the two-year-old patent dispute. AppDynamics said that it gained permanent access to the patented technology in return for a "modest fixed payment". CA stated that the settlement included "substantial licensing payments".[14]

In September 2015, AppDynamics hired David Wadhwani to replace Bansal as CEO of the company. Bansal went on to serve as executive chairman and chief strategist of the company he founded. Previously, Wadhani worked for Adobe Systems.[9] In October 2015, AppDynamics received PC World's Editors' Choice award, receiving a 4.5 out of 5 rating.[15] In 2016, AppDynamics was ranked #9 on the Forbes Cloud 100 list.[16] The company reported about $230 million in revenue that year.[1]

IPO and acquisition

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By 2016, the company began making plans for an initial public offering (IPO).[17] In June 2016, the company hired Goldman Sachs and Morgan Stanley as underwriters.[18][19] The original plan called for the company to go public in December 2016. However, on November 22, the IPO was postponed until at least the new year "due to uncertainty following the U.S. presidential election."[20]

On December 28, it officially filed a $100 million offering with the announcement naming J.P. Morgan as another underwriter.[21] With an increase to the price range on the morning of January 24, 2017, the offering was valued up to $168 million.[22][23] In the afternoon of the same day,[24][25][26] Cisco announced their intention to acquire AppDynamics for $3.7 billion just days before it was set to IPO.[27][28][29] They announced that the subsidiary will continue to be led by David Wadhwani as a new business unit in Cisco IoT and Application business. Wadhwani will be reporting to Rowan Trollope.[30] The deal was completed in March 2017, making the company officially part of the parent corporation. To celebrate the deal the top executives from the company were given the opportunity to ring the NASDAQ bell as they had missed their chance to do so by forgoing an IPO.[1][31]

References

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  1. ^ a b c d Lashinsky, Adam (2017-04-12). "Behind Cisco's Big Play to Turn Itself Into a Software Company". Fortune. Retrieved 2017-09-06.
  2. ^ MacVittie, Lori (2010-03-31). "AppDynamics Puts the Management in Application Performance Management". DevCentral. Retrieved 2017-09-01.
  3. ^ a b Demery, Paul (2010-02-26). "Travel site Priceline finds a way to monitor its wide world of applications". Digital Commerce 360. Retrieved 2017-05-03.
  4. ^ Darrow, Barb (2017-07-14). "Exclusive: AppDynamics Snags NFL Exec to Lead AppD Innovation Labs Charge". Fortune. Retrieved 2017-09-01.
  5. ^ Shead, Sam (2014-06-24). "AppDynamics boss optimistic CA Technologies patent dispute will be resolved". TechWorld. Retrieved 2017-09-07.
  6. ^ Levy, Ari (2015-08-20). "How this developer's code saved 'Game of Thrones'". CNBC. Retrieved 2017-05-03.
  7. ^ Heller, Martin (2010-02-22). "Proactive performance monitoring for Web apps". InfoWorld. Retrieved 2017-09-17.
  8. ^ Bort, Julie (2015-02-14). "What it feels like to grow your first startup to a $1 billion valuation in under 7 years: 'Scary'". Business Insider. Retrieved 2017-09-17.
  9. ^ a b Darrow, Barb (2015-09-29). "Wadhwani Left Adobe For Top Spot At AppDynamics". Fortune. Retrieved 2017-09-01.
  10. ^ Vanian, Jonathan (2017-01-25). "The New Cisco Is All About Software, Software, Software". Fortune. Retrieved 2017-09-01.
  11. ^ a b Jackson, Joab (2013-04-10). "CA Technologies sues AppDynamics for patent pilfering". PC World. Retrieved 2017-09-07.
  12. ^ a b Babcock, Charles (2013-04-11). "CA Technologies Sues AppDynamics: 3 Patents Key". Information Week. Retrieved 2017-09-07.
  13. ^ Shead, Sam (2014-06-24). "AppDynamics boss optimistic CA Technologies patent dispute will be resolved". Techworld. Retrieved 2017-09-17.
  14. ^ Dulaney, Chelsey (20 April 2015). "AppDynamics, CA Inc. Settle Two-Year-Old Patent Dispute". Wall Street Journal. Retrieved 26 January 2017.
  15. ^ Marvin, Rob (2015-10-14). "AppDynamics". PC Magazine. Retrieved 2017-09-17.
  16. ^ "Forbes Releases Inaugural Cloud 100 List". Forbes. 2016-09-07. Retrieved 30 July 2017.
  17. ^ Clancy, Heather (2017-08-02). "Why This CEO Thinks His Software Company Is Ready for the 'Public Microscope'". Fortune. Retrieved 2017-09-01.
  18. ^ Farrell, Maureen (2016-06-16). "AppDynamics Prepares for IPO in Chilly Market for Tech Debuts". The Wall Street Journal. Retrieved 2017-09-10.
  19. ^ "AppDynamics Hires Goldman Sachs, Morgan Stanley for IPO". Fortune. Reuters. 2016-06-16. Retrieved 2017-09-17.
  20. ^ Farrell, Maureen (2016-11-22). "AppDynamics Postpones Planned December IPO Until Next Year". Wall Street Journal. Retrieved 2017-09-17.
  21. ^ Huston, Caitlin (2016-12-28). "AppDynamics files for an initial public offering". MarketWatch. Retrieved 2017-09-17.
  22. ^ Huston, Caitlin (2017-01-24). "AppDynamics increases price range for IPO". MarketWatch. Retrieved 2017-09-17.
  23. ^ Huston, Caitlin (2017-01-24). "4 things to know about AppDynamics before the IPO". MarketWatch. Retrieved 2017-09-17.
  24. ^ Owens, Jeremy C. (2017-01-24). "Cisco swoops in with $3.7 billion bid for AppDynamics just before IPO". MarketWatch. Retrieved 2017-09-17.
  25. ^ Frank, Blair Hanley (2017-01-24). "Cisco snatches AppDynamics from IPO market for $3.7B". PCWorld. Retrieved 2017-09-17.
  26. ^ Huston, Caitlin (2017-01-25). "The lessons from Cisco's at-the-buzzer buy of AppDynamics". MarketWatch. Retrieved 2017-09-17.
  27. ^ Baker, Liana B.; Somerville, Heather (2017-01-25). "Cisco to buy AppDynamics for $3.7 billion in growth push". Reuters. Retrieved 2017-09-01.
  28. ^ Konrad, Alex (2017-01-26). "What Cisco's $3.7B Splurge For AppDynamics Means For Tech's Other Unicorns". Forbes. Retrieved 2017-08-31.
  29. ^ Griffith, Erin (2017-01-25). "AppDynamics IPO: How Cisco swooped in and bought the company". Fortune. Retrieved 2017-09-17.
  30. ^ Vanian, Jonathan (2017-01-24). "Cisco to Spend Billions On This 'Unicorn' Software Startup". Fortune. Retrieved 2017-09-01.
  31. ^ Darrow, Barb (2017-03-22). "Cisco and AppDynamics Close Their Blockbuster Deal". Fortune. Retrieved 2017-09-01.
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Category:Software companies based in California Category:Computer companies Category:Companies established in 2008 Category:Companies based in San Francisco Category:Free software Category:Performance management

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