Cisco Systems has announced its intent to acquire IT performance management firm ThousandEyes for an estimated $1B.
"I'm excited to welcome the ThousandEyes team to Cisco. 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.”
Todd Nightingale, SVP and GM, Cisco Enterprise Networking and Cloud
Deals to acquire cloud technologies have continued despite the pandemic as technology companies have remained strong and the shift to cloud computing has accelerated.