Why Cisco is buying network intelligence firm ThousandEyes

By William Smith
San Francisco, California-based ThousandEyes offers a platform that collects data from the internet, data centres and devices to improve digital experie...

The data the firm collects is leveraged to show businesses exactly how customers and employees access and use websites, applications or services.

Customers include the likes of Evernote, Servicenow, Zendesk, YMCA and Viacom.

The firm has raised over $110mn across six funding rounds since its foundation in 2010. Its latest Series D was announced in February 2019, netting the company $50mn.

In a press release at the time, Mohit Lad, co-founder and CEO, said: "Over the last year, we have seen unprecedented growth as both domestic and international demand for digital experience intelligence continues to increase at an extraordinary pace. This new funding round will allow us to further invest in both product innovation and global expansion as we quickly find our solution becoming a non-negotiable piece of the modern operations stack that's necessitated by the rapidly growing $206 billion cloud market."


Startup Spotlight: Covariant’s industrial robot AI

Startup Spotlight: Cockroach Labs’ cloud database management

Startup Spotlight: Giphy and the visual language of GIFs

Read the latest issue of Technology magazine here

Late last month, Cisco announced it would be acquiring the company, incorporating its capabilities into Cisco’s Enterprise Networking and Cloud, and AppDynamics portfolios, with ThousandEyes joining Cisco’s Networking Services business Unit. Mohit Lad will become GM of Thousand Eyes, with the company’s other co-founder and CTO, Ricardo Oliviera, also continuing his involvement.

“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 said it expected the deal to close before the end of the first quarter of the 2021 financial year.


Featured Articles

How Publicis Sapient Helps Your Digital Transformation

Publicis Sapient is a global leader in helping organisations from online banks to leading retail platforms achieve digital business transformation

How Google Cloud is Providing a Launchpad for Women in Tech

We sit down with Erin Rifkin, MD Learning Services and Lee Moore, VP Global Consulting, to discuss how Google Cloud is helping tackle the cloud gender gap

Mendix & Snowflake: Unleashing the Power of Enterprise Data

Mendix and Snowflake's new partnership seamlessly combines low-code application development with the power of the Data Cloud

We’re LIVE! Tech & AI LIVE London 2024

Digital Transformation

Google Identifying Next-Gen of Football Talent Through AI

Cloud Computing

Tech & AI LIVE London – One Day to Go

Digital Transformation