Cisco acquired “unicorn” AppDynamics just prior to their IPO on Tuesday, January 24th. AppDynamics’ best-of-breed cloud application intelligence platform complements Cisco’s network performance management suite to provide customers with enhanced visibility and optimization of their entire IT infrastructure stack.
Cisco’s offer ($3.9 billion Enterprise Value, 18.9x TTM revenue) is nearly 130% higher than AppDynamics’ projected $1.7 billion IPO valuation and nearly 400% higher than the median 5.0x TTM revenue multiple for all publicly traded SaaS companies in 4Q16.
Brief Transaction Details:
|Enterprise Value (mm)||$3,902.9|
|TTM Seller Revenue (mm)||$206.2|
|TTM Seller EBITDA (mm)||-$105.3|
|TTM Revenue Multiple||18.9x|
|TTM EBITDA Multiple||–|
Seller Business Description
AppDynamics, Inc. provides an integrated suite of software application and IT infrastructure monitoring and analytics products.
Buyer Business Description
Cisco is a leading provider of IT infrastructure software and hardware.