Cisco Completes Acquisition Of ThousandEyes
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.
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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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