SAN JOSE, Calif., May 28, 2020 /PRNewswire/ --
News Summary:
- The combination of Cisco's expertise in network and application
performance and ThousandEyes' visibility into the Internet will
provide customers with an end-to-end view into the digital delivery
of applications and services
- Common tooling and sharing datasets for application and network
health will help remove silos, giving IT teams real-time visibility
into application performance degradation issues
Cisco (NASDAQ: CSCO) today announced its intent to acquire
privately held ThousandEyes, Inc. headquartered in San Francisco, CA. ThousandEyes' Internet
and Cloud intelligence platform delivers deep visibility and
insights into the digital delivery of applications and services
over the Internet.
The last few years have seen a rapid acceleration of Cloud
adoption, widespread use of SaaS applications, and a reliance on
the Internet and networks outside of enterprise control. This
increased dependence on the Internet and other third-party
infrastructures, compounded over the past several months during the
COVID-19 pandemic, substantially reduces the ability for enterprise
IT teams to predict, visualize and control operational behavior.
The result is often a chaotic and unmanageable IT environment that
makes issue resolution a time-consuming ordeal that can potentially
have a massive impact on customer experience, brand reputation and
revenue.
By bringing together Cisco's strength in network and application
performance with ThousandEyes' visibility into the Internet,
customers will now have an end-to-end view into the digital
delivery of applications and services over the Internet, allowing
them to pinpoint deficiencies and improve network and application
performance across enterprise and cloud networks. This acquisition
will also empower enterprises to accelerate their digital
transformation, no matter where they are in their journey, by
delivering comprehensive visibility into applications and
services delivered to customers and employees.
"I'm excited to welcome the ThousandEyes team to Cisco," said
Todd Nightingale, senior vice
president and general manager, Cisco Enterprise Networking and
Cloud. "The combination of Cisco and ThousandEyes will enable
deeper and broader visibility to pin-point deficiencies and improve
the network and application performance across all networks. This
will give customers end-to-end visibility when accessing cloud
applications, and Internet Intelligence will improve networking
reliability and the overall application experience."
Cisco will incorporate ThousandEyes' capabilities across Cisco's
core Enterprise Networking and Cloud, and AppDynamics
portfolios to enhance visibility across the enterprise, internet
and the cloud. The acquisition is expected to close before the end
of Cisco's Q1 FY'21. ThousandEyes will join Cisco's newly-formed
Networking Services business unit, reporting to Todd Nightingale.
As part of the Networking Services business unit, ThousandEyes
CEO and co-founder Mohit Lad will
take on the role of GM of ThousandEyes, and Co-Founder, CTO
Ricardo Oliveira will continue to
drive ThousandEyes product vision and innovation strategy.
Editor's Note:
Cisco will host a Media and Industry
Analysts Q&A with Derek Idemoto,
senior vice president of Cisco Corporate Development and Cisco
Investments, Todd Nightingale, Cisco
senior vice president and general manager, Enterprise Networking
and Cloud, and Mohit Lad,
ThousandEyes co-founder and CEO on Thursday,
May 28 at 2:30 PM PT. Click
here to join.
To learn more about the news, please see:
- Blog post from Todd
Nightingale
- Blog post from ThousandEyes co-founder and CEO,
Mohit Lad
About Cisco
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technology leader that has been making the Internet work since
1984. Our people, products, and partners help society securely
connect and seize tomorrow's digital opportunity today. Discover
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Cisco and the Cisco logo are trademarks or registered trademarks
of Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks. Third-party trademarks mentioned are
the property of their respective owners. The use of the word
partner does not imply a partnership relationship between Cisco and
any other company.
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. Readers
are cautioned that these forward-looking statements are only
predictions and may differ materially from actual future events or
results due to a variety of factors, including, among other things,
that conditions to the closing of the transaction may not be
satisfied, the potential impact on the business of ThousandEyes due
to the uncertainty about the acquisition, the retention of
employees of ThousandEyes and the ability of Cisco to successfully
integrate ThousandEyes and to achieve expected benefits, business
and economic conditions and growth trends in the networking
industry, customer markets and various geographic regions, global
economic conditions and uncertainties in the geopolitical
environment, and other risk factors set forth in Cisco's most
recent reports on Form 10-K and Form 10-Q. Any forward-looking
statements in this release are based on limited information
currently available to Cisco, which is subject to change, and Cisco
will not necessarily update the information.
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SOURCE Cisco