Cisco has announced its intent to acquire ThousandEyes. ThousandEyes’ Internet and Cloud intelligence platform delivers deep visibility and insights into the digital delivery of applications and services over the Internet.
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.
“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,” said Todd Nightingale, senior vice president and general manager, Cisco Enterprise Networking and Cloud. “This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience.”
The acquisition which is worth nearly $1 billion according to Bloomberg or Reuters, 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.