Ron Burgundy Posted January 25, 2017 Share Posted January 25, 2017 By Liana B. Baker and Heather Somerville SAN FRANCISCO (Reuters) - Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business. Legacy technology players like Cisco have been trying to shift their strategy to stay ahead of technology developments, such as the rise of cloud computing, that could otherwise threaten their core businesses. Cisco's announcement comes a week after Hewlett Packard Enterprise Co said it would buy cloud startup SimpliVity for $650 million in cash. View the full article Quote Link to comment Share on other sites More sharing options...
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