The networking and tech giant, Cisco Systems announced (blog) that it plans to acquire startup Perspica in an effort to enhance its AppDynamics platform. Cisco executive, Rob Salvagno blogged how this this move takes Cisco deeper into machine learning:
Earlier this year, Cisco announced the acquisition of AppDynamics – uniquely positioning Cisco to enable enterprises to accelerate their digital transformations by actively monitoring, analyzing and optimizing complex application environments at scale. Today, we are excited to announce the intent to acquire Perspica, the first acquisition to support and accelerate the AppDynamics vision.
In our experience working with the world’s largest companies, we know that machine learning is only as good as the data it ingests; only as relevant as the data’s timeliness; and only as valuable as the data’s business context. Cisco’s AppDynamics data sets span wherever the application components are deployed, and there is a massive opportunity to correlate this with user experience and business context.
This acquisition also marks a significant milestone for Cisco: it is their 200th acquisition. After the deal is completed in second quarter of Cisco’s fiscal year 2018, the Perspica team is expected to join Cisco’s AppDynamics group led by Senior Vice President and General Manager David Wadhwani within the Applications Group.
According to earlier media accounts, Perspica is a small San Jose, Calif.-based company with less than 20 employees that has raised $8.85 million. Perspica provides stream-based processing and machine-learning technology for big-data analytics.This move is expected to expand AppDynamics’ capabilities and takes Cisco beyond networking and routers into enterprise software services space.
The terms of the deal were not disclosed.