Cisco Adds ThousandEyes to Watch Internet

Daniel Fowler
May 31, 2020

As per reliable sources, the terms of the acquisition between ThousandEyes and Cisco have not been disclosed yet, though it has been rumored to be worth around United States dollars 1 billion.

Under the deal, ThousandEyes' technology will be used across Cisco's core Enterprise Networking and Cloud services as well as its AppDynamics services. Previously, Cisco acquired AppDyamics for $3.7 billion, a company whose software spots bugs in applications and fix them.

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

ThousandEyes will join Cisco's newly-formed Networking Services business unit, reporting to Todd Nightingale, senior vice president and general manager, Cisco Enterprise Networking and Cloud.

This is the first-ever acquisition Cisco has made completely online using Cisco's Webex video-calling service due to the stay-at-home orders in place since March, reported CNBC.

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

Forward-Looking Statements This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition enhancing Cisco's network performance and monitoring capabilities across the enterprise and into the cloud, the expected completion of the acquisition and the timeframe in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding ThousandEyes personnel.

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Nightingale talked about ThousandEyes' unique value proposition.

Traditional monitoring vendors monitored internal networks, were point-to-point, or worked primarily with Cisco gear.

Nightingale said he was "excited" to welcome ThousandEyes to the team, highlighting the ability to enable "broader visibility to pinpoint deficiencies and improve the network and application performance across all networks". Cisco has been a customer of ThousandEyes since 2013. We meet partners who are taking a bigger technology stack together.

Cisco has been growing its software services portfolio in a pivot away from its traditional hardware business.

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. "And, when they do that, they're telling us the importance of doing more work with Cisco", said Lad.

Expect the acquisition to close by the end of October.

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