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Cisco closes AppDynamics deal, increases software weight

Cisco today closed its approximately $3.7 billion deal for application analytics specialist AppDynamics giving the networking giant a nice revenue stream and bolstering its software strategy.

The nine-year-old company – which Cisco bought Jan. 24, days before it was to go IPO — and its almost 1,250 employees become part of Cisco as the 17th acquisition since Chuck Robbins took the CEO reins in 2015. >continue reading

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