RESEARCH TRIANGLE PARK – Cisco is paying big money to acquire a San Francisco startup that focuses on cloud and internet intelligence.
The tech giant, which operates a huge campus in RTP, disclosed plans Thursday to acquire ThousandEyes.
Bloomberg news says the selling price is nearly $1 billion.
Why make the deal?
“ThousandEyes provides Internet intelligence at a scale and accuracy never seen before. In a time when every meeting is held and every document is shared through connected applications, the need for ThousandEyes technology has never been so high,” wrote Todd Nightingale, Senior Vice President and General Manager for Cisco Meraki, in a blog post.
“ThousandEyes’ technology warns us when a user’s experience is less than ideal and can pinpoint where those failures were caused. With thousands of agents deployed throughout the Internet, ThousandEyes’ platform has an unprecedented understanding of the Internet and grows more intelligent with ever deployment. With ThousandEyes, AppDynamics and Cisco SD-WAN technology, we will have the ability to improve the performance, reliability and scalability of all the applications on which we depend so much.”
ThousandEyes had raised some $110 million from investors and was valued at $670 million after raising $50 million last year, according to PitchBook.
