Networking giant Cisco has confirmed that it is acquiring San Francisco-based ThousandEyes, a software monitoring firm for an unrevealed price. However, there are multiple reports that suggest that the firm has paid $1 billion to ThousandEyes to seal the deal.
ThousandEyes was launched in 2010 by Mohit Lad and Ricardo Oliveria as a cloud platform that offers monitoring services. The firm labels itself as “Google Maps for the Internet.” Since its inception, the firm attracted $110.7 million investment from backers that include names like Salesforce Ventures, Thomvest Ventures, Sequoia Capital, GV, Sutter Hill Ventures, Tenaya Capital, and others.
Mohit Lad is now set to take the role of general manager of ThousandEyes while Olliveria will continue to head the technology space. Talking about the deal, Lad said, 'We started ThousandEyes with a clear objective of setting our own course, uniquely empowering customers, not copying some larger company, but challenging the status quo and building a culture of innovation that goes beyond product and engineering teams. On becoming a part of Cisco, I feel the same energy and enthusiasm kicking in that I had when I started the company with Ricardo ten years ago, except eating ramen noodles for lunch and building our datacenter in the garage with recycled servers is not in the plan this time around'.”
Notably, Cisco had made a similar purchase when it bought AppDynamics for $3.7 billion in 2017. The firm now plans to utilize the capabilities of both the firm in the space and offer its customers an end-to-end view of the digital delivery of apps and services.
Confirming the same, Todd Nightingale through a blog post said that “Cisco will incorporate ThousandEyes’ capabilities in our AppDynamics application intelligence portfolio to enhance visibility across the enterprise, internet, and the cloud.”
Image courtesy: AiThority.com