Cisco acquires AppDynamics Inc for $3.7 billion
It has recently been announced that technology giant Cisco has acquired start-up AppDynamics for $3.7 billion, replacing the companies aim to sell shares externally. Situated in San Francisco, AppDynamics has proved highly beneficial for companies who wish to develop their current strategies and application performance, specialising in cloud applications and business monitoring through mobile and website applications.
David Wadhwani, AppDynamics CEO and President said, “AppDynamics is empowering companies to build and successfully run the applications they need to compete in today's digital world."
"With digital transformation, companies must re-define their relationships with customers through software. We're excited to join Cisco, as it will enable us to help more companies around the globe."
With the aim to enable businesses to have a closer look at the effectiveness of their applications and tackle any concerns with regards to performance, AppDynamics will prove a worthwhile acquisition for Cisco, who have been behind several acquisitions, highlighting their move towards networking, cloud technologies and digital applications. These acquisitions will support Cisco’s business model and evolution towards providing key solutions against modern business requirements, with such technological innovations proving advantageous.
Hilton Romanski, Cisco’s Head of Corporate Strategy informed Bloomberg, “It is important for Cisco to have market-leading software in our portfolio to deliver on this journey that we’ve been on for some time. This asset is best in class. We believe this is one of the best teams out there to help us on our journey.”
Wadhwani will remain part of the senior team and become part of Cisco’s Internet of Things (IoT) and Applications business, working effectively under Rowan Trollope, Cisco’s Senior Vice President and General Manager of Cisco's IoT and Applications Business Group. With the announcement of the acquisition, Trollope commented: "Applications have become the lifeblood of a company's success. Keeping those apps running and performing well has never been more important. Unfortunately, that job has only gotten harder, as IT departments and developers struggle with a tangled web of disconnected, complex data that's hard to understand.”
"The combination of Cisco and AppDynamics will allow us to provide end to end visibility and intelligence from the network through to the application; which, combined with security and scale, and help IT to drive a new level of business results."
Investors in the business will benefit significantly from the acquisition, but it is no doubt small change to Cisco, of which their revenue was $49.24 billion in 2016 alone. The deal is likely to finalise by the end of September.
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Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.