Cisco acquires ThousandEyes for around $1 billion to make deeper push into software.
on Thursday the purchase of ThousandEyes, whose technology helps companies monitor their network for outages.report that the purchase price was about $1 billion.
Since Chuck Robbins was named Cisco's CEO in 2015, the company has been focused on expanding its portfolio of cloud-based software so it can cater to companies that are moving away from their own data center and into more distributed environments. ThousandEyes will be part of Cisco's new Networking Services business unit, which is run by Todd Nightingale, the company said in the release. The purchase follow's Cisco's 2017 acquisition of
for $3.7 billion, which brought in software that helps companies spot bugs in their apps and quickly fix them.in 2018, to bulk up in the authentication space, and the $1.9 billion acquisition of Broadsoft in 2017, to add technology for contact centers.
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