Cisco Completes Acquisition Of ThousandEyes

Rhea-AI Summary

Cisco (NASDAQ: CSCO) has completed the acquisition of ThousandEyes, enhancing its internet and cloud intelligence capabilities. This strategic move allows Cisco to provide customers with comprehensive visibility into network and application performance over the internet and cloud. ThousandEyes' platform enables organizations to identify and address deficiencies in their digital application delivery. Cisco plans to integrate these capabilities across its Enterprise Networking, Cloud, and AppDynamics portfolios to improve overall service delivery.

Positive

• Enhances Cisco's visibility and insights into application and service delivery.
• Integration of ThousandEyes capabilities improves network performance for customers.
• Strengthens Cisco's core portfolios including Enterprise Networking and Cloud.

Negative

• Potential risks associated with the integration of ThousandEyes.
• Uncertain retention of ThousandEyes employees post-acquisition.

SAN JOSE, Calif., Aug. 7, 2020 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced it completed the acquisition of ThousandEyes. ThousandEyes' internet and cloud intelligence platform expands visibility and insights into the digital delivery of applications and services over the internet and the cloud. ThousandEyes enables organizations to visualize any network as if it was their own, quickly surface actionable insights, and collaborate and solve problems with service providers.

Cisco's strength in network and application performance, combined with visibility into the internet enabled by ThousandEyes, now allows customers to have an end-to-end view into the digital delivery of applications and services over the internet. This combination enables customers to pinpoint deficiencies and improve network and application performance across enterprise and cloud networks.

Cisco will incorporate ThousandEyes capabilities across Cisco's core Enterprise Networking and Cloud, and AppDynamics portfolios.

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

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 expected benefits to Cisco and its customers from completing the acquisition, and plans regarding ThousandEyes capabilities. 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, 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

FAQ

What is the purpose of Cisco's acquisition of ThousandEyes?

The acquisition aims to enhance Cisco's internet and cloud intelligence, providing greater visibility and insights into application and service delivery.

How does the acquisition of ThousandEyes impact Cisco's customers?

Customers will gain an end-to-end view of application performance, enabling them to identify and resolve network deficiencies.

When was the acquisition of ThousandEyes completed?

The acquisition was completed on August 7, 2020.

What are the expected benefits of the ThousandEyes acquisition for Cisco?

Expected benefits include improved network performance, better application delivery insights, and enhanced service levels for customers.

What integration plans does Cisco have for ThousandEyes?

Cisco plans to incorporate ThousandEyes' capabilities into its Enterprise Networking, Cloud, and AppDynamics portfolios.