Integrated solution helps organizations gain visibility, take action and assume control over personally identifiable information under management
MOUNTAIN VIEW, Calif. – Veritas Technologies, the leader in information management, today unveiled an integrated solution that will help organizations directly address the forthcoming General Data Protection Regulation (GDPR). This solution gives enterprises around the world the ability to understand what personally identifiable information (PII) they hold on European Union (EU) residents and access that information quickly when requested by employees or consumers. It also provides a systematic way for organizations to protect PII from breach, loss or damage. These elements are critical mandates required by the new regulation.
The solution comes at a time when many businesses around the world either don’t know how to prepare for the new regulation or are underestimating the effort needed to become compliant. New research commissioned by Veritas shows that less than a third (31 percent) of organizations meet the minimum GDPR requirements today, despite the fact that the regulations take effect in just over a year’s time.
With maximum fines set at the greater amount of €20 million or four percent of annual turnover, the penalties for non-compliance are severe. Also, this is not just an issue for companies based in the EU. It applies to any business around the world that interacts with EU residents and holds their personal data.
With this in mind, Veritas has launched 360 Data Management for GDPR. It includes an array of comprehensive advisory services and integrated software technologies. These not only help companies jump-start their compliance journey, but help maintain compliance at every turn moving forward.
Key components of the 360 Data Management for GDPR Solution include:
- Providing expert guidance where and when it’s needed the most: Veritas has established a new advisory service designed to educate and transfer knowledge to global legal, compliance, and privacy teams as to how the solution can help meet the GDPR challenge. This expert team is chartered to facilitate GDPR workshops, conduct GDPR-readiness assessments, and implement core GDPR-specific technologies.
- Locating data for GDPR compliance: New regulations mandate that businesses must locate PII within a very short time frame. Veritas metadata analytics provides accurate data maps so companies can easily determine where personal and sensitive information is stored, who has access to it, and how long it is being retained. Companies can then take action on the data if required.
- Searching data for GDPR compliance: With GDPR, European residents have a right to obtain a personal copy of the data companies hold on them. Veritas machine learning technology can easily uncover directly and indirectly identifiable personal data to ensure individuals’ rights are met, including “right to be forgotten” requests. Additionally, Veritas’ easy-to-use eDiscovery tools help companies search, analyze, and produce relevant data to quickly satisfy requests pertaining to all regulatory and legal matters.
- Minimizing data for GDPR compliance: Under GDPR regulations, companies will need to retain regulated information. However, they also need to delete non-essential data on a regular basis. Through Veritas personal data classification offerings, companies can set policies that helps businesses retain the right information and delete the rest, helping to adhere to strict compliance guidelines.
- Protecting data for GDPR compliance:With GDPR, companies must have the right tools in place to protect data from loss, damage or breach. Veritas unified data protection delivers an end-to-end audit trail that demonstrates data protection and resiliency protocols are being met. Additionally, these data protection offerings are infrastructure agnostic, and work across on-premise, cloud and hybrid environments, giving businesses added flexibility to address compliance regulations.
- Monitoring data for GDPR compliance: When the GDPR takes effect, data controllers and data processors are required to file a data breach notification within 72 hours of an incident. Veritas predictive threat analytics helps companies automatically identify anomalous behavior and facilitates single-click investigations.
“This is not just an issue for EU companies,” said Carla Arend, senior program director at IDC. “This regulation impacts any organization that holds data concerning individual EU data subjects. This can be anything from a shopping history to employee records. It is imperative that companies immediately begin deploying solutions that will help them understand exactly what information they hold and let them manage that data in a compliant manner.”
“360 Data Management for GDPR plays a key role in helping companies accelerate their digital transformation strategies,” said Mike Palmer, executive vice president and chief product officer at Veritas. “At a time when data is your most critical business asset, giving companies capabilities that let them understand and gain valuable insights about their information provides advantages that go well beyond compliance. It can spur product and service development, as well as help them build loyalty as consumers begin to accept organizations as trusted custodians of their PII. This is an important transformational step towards a nimbler and digitally-driven operation.”
Learn more about Veritas GDPR solutions here.
Whether you’re looking to hire a business continuity expert, or you’re training to become one, this guide will help you determine the qualifications and experience that are required
Before we get into certifications or BCM specific qualifications, let’s review the important non-BCM skills that make an effective BCM professional.
- Business function experience or technical IT experience. This is a must. Business Continuity is about business, and without basic business function knowledge and experience, guiding departments and interfacing with IT areas will be challenging.
- Project management experience. You do not necessarily need a certified project manager, but you do need someone who is familiar with project management concepts and project organization. In the end, BCM is a program and requires organizational skills.
- Interpersonal skills. Effective BCM programs must work with multiple levels of an organization, so the ability to communicate across all levels, as well as to understand and address concerns and pushback are necessary for success.
- Flexibility and adaptability. Organizational needs change over time, and a demonstrated ability to be flexible in both process and problem solving will help identify solutions to BCM issues surrounding implementation, documentation, and governance.
Got data? But more to the point, got the RIGHT data, and now? Low-friction and fast access to data are top priorities for data/analytics and marketing professionals in 2017. Here’s the picture of priorities: It’s a high or critical priority for 70% of marketing pros to increase their use of data and analytics for marketing measurement and customer insights – their fourth highest priority. Data and analytics pros’ highest priority – at 60% of data and analytics pros – is implementing or expanding their complete view of the customer across channels, and over 50% are providing self-service data preparation tools to business users. Firms are stepping up the pace.
What can help with these priorities? Data preparation tools. To accelerate time-to-insights and therefore time-to-actions, business end users and analysts who today wrangle data in spreadsheets or other traditional tools need direct access to data and a significant power assist. Data preparation tools can provide this power, but they must balance features and functions to support different roles and use cases and enable appropriate manageability, security, and governance in today's enterprises — while at the same time delivering speed-to-value.
The concept of cyber threat intelligence is really not much different from other areas of the intelligence field. In national security, intelligence gathering techniques seek to detect potential situations and draw conclusions that enable people to take action before anything serious occurs. Similarly, cyber threat intelligence is only one tool in the security arsenal. Used well, it can warn companies that the bad guys are active inside their network and what they are looking for. It points out unusual patterns to look for in systems and other valuable data. But it won’t stop an attack. That takes human intervention and the deployment of the right technology tools to block or at least mitigate an attack.
But as time goes on, the potential threat vectors are multiplying: servers, desktops, laptops, mobile devices, and now the Internet of Things (IoT), which could open enterprises to attacks via innocuous objects such as thermostats and a myriad of other devices that contain sensors and processors.
“Every device large or small becomes a source for cyber threat intelligence,” said Peter Tran, senior director of Worldwide Advanced Cyber Defense at RSA Security. “With the Internet of Things (IoT) projected to grow to over 50 billion connected devices by 2020, there is a real challenge ahead in terms of structuring effective threat analysis across massive volumes of smart connected devices.”
(TNS) — Communities across Ohio on Wednesday will be testing tornado sirens as part of a drill for the Emergency Alert System.
The sounding of the sirens, which is set for 9:50 a.m., is part of Severe Weather Awareness Week, which runs through March 25, according to the Ohio Emergency Management Agency.
The testing comes on the eve of Ohio’s tornado season, which runs April 1 through July 30.
DURHAM N.C. — If local building officials notified you that your home is substantially damaged, you may be able to receive funds to make your structure safer and stronger.
If you are rebuilding or repairing a substantially damaged home or business, your community may require you to elevate or make other changes. Substantial damage applies when the cost of restoring a structure equals or exceeds 50 percent of its pre-damage market value. However, some communities have regulations that are more restrictive. Check with your local building officials or community flood-plain administrator for more information.
If the substantial damage is solely from flooding, your National Flood Insurance Program (NFIP) policy may provide up to $30,000 to update your structure so it meets local flood-plain management regulations. To apply, you must first submit a signed Increased Cost of Compliance (ICC) Proof of Loss form to your insurance company.
To be considered for an ICC claim, your insurance company needs a contractor’s estimate for the proposed ICC-eligible measures to your home or business and copies of construction permits.
Structures that comply with flood-plain management regulations have an enhanced ability to withstand storms and floods. Mitigation measures eligible for ICC include elevation, relocation, demolition and flood proofing.
You have six years from the date of loss to complete the chosen and approved ICC measures.
The U.S. Small Business Administration (SBA) may be another source of funds if your home or business was determined to be substantially damaged.
If you applied for an SBA Home Disaster Loan or Business Physical Disaster Loan and your
application was approved, you may be eligible for additional funds to pay for improvements that will protect your property against future damage. The funds can be up to 20 percent of the amount of the approved loan.
For more information, call the SBA at 800-659-2955 or TTY 800-877-8339. You may also go online to sba.gov/disaster.
For more information on North Carolina’s recovery, visit fema.gov/disaster/4285 and readync.org. Follow FEMA on Twitter at @femaregion4 and North Carolina Emergency Management @NCEmergency.
Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-3362 or TTY at 800-462-7585.
FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards. Follow FEMA on twitter at @femaregion4. Download the FEMA app with tools and tips to keep you safe before, during, and after disasters.
Dial 2-1-1 or 888-892-1162 to speak with a trained call specialist about questions you have regarding Hurricane Matthew; the service is free, confidential and available in any language. They can help direct you to resources. Call 5-1-1 or 877-511-4662 for the latest road conditions or check the ReadyNC mobile app, which also has real-time shelter and evacuation information. For updates on Hurricane Matthew impacts and relief efforts, go to ReadyNC.org or follow N.C. Emergency Management on Twitter and Facebook. People or organizations that want to help ensure North Carolina recovers can visit NCdisasterrelief.org or text NCRecovers to 30306.
Passwords remain one of the most critical security controls widely used to protect and secure company infrastructure and data. While the need for strong passwords has long been discussed, they continue to be the difference between a secure infrastructure and a potential cyber catastrophe.
Last year was extremely busy in cybercrime, with more than 3 billion credentials and passwords stolen and disclosed on the internet. That works out to a rate of 8.2 million credentials and passwords each day or 95 passwords every second.
Passwords have always been a good security control, but password strength and how they are processed make a major difference in how secure they really are. For example, it is critical to choose an easy password to remember, keep it long, and use some complexity and uniqueness. In addition, how the password is processed and stored in an encrypted format plays a major role in password security.
State Health Services Reinvents Way Cancer is Treated with Secure Remote Access to Patient Data
SANTA CLARA, Calif. – Citrix today announced NSW Health, a leading Australian public health provider, has rolled-out a range of Citrix technologies empowering the state’s doctors to better diagnose and treat patients with cancer due to secure mobile access to electronic medical records.
Read how @Citrix helps @NSWHealth doctors better diagnose cancer patients by enabling mobile access to elec records.Tweet this
Within NSW Health’s regional network of hospitals, the Illawarra Shoalhaven Cancer and Haematology Network (ISCaHN), they can now use Citrix solutions to equip all employees – doctors, nurses and emergency departments – with remote and secure access to sensitive patient information, analysis of hi-res medical images across devices, and aiding the success of its BYOD initiative.
“Through NSW Health’s Citrix XenApp platforms we have innovated and changed the way we treat cancer. By providing medical staff with greater flexibility through optimised and high-quality data access, we improved our services to patients – empowering them to deliver round-the-clock healthcare from a variety of locations without compromising security of confidential medical details,” said Kenneth Masters, ISCaHN’s Oncology Information System Manager.
Having introduced a bring-your-own-device (BYOD) initiative in 2015, NSW Health required a solution that extended beyond basic flexible work arrangements, allowing staff to securely share, access and analyze MRI and X-ray images from anywhere on any device.
Using Citrix XenApp, NSW Health is able to publish text-based and visual applications, such as X-ray medical imaging, securely across encrypted links to any device, while Citrix NetScaler is used to manage and optimize applications used across the network in real time. This ensures no patient data is left on staff devices at the end of the session, which is critical in the context of protecting sensitive personal medical histories, and all application performance and security issues can be rapidly addressed to ensure the seamless delivery of patient services.
“A barrier to doctors working remotely was the inability to send or receive high resolution medical imagery over a slow speed link. By leveraging the Citrix XenApp platforms high powered graphics cards, we can deliver a robust and secure platform capable of supporting our wider BYOD program for all our employees – particularly doctors,” said Masters.
“Business continuity is critical, particularly in healthcare, and Citrix technology is vital to delivering uninterrupted services across NSW Health. For example, in 2016 we implemented a Workspace-as-a-Service program with Citrix, providing nursing staff with single log-ins to securely and immediately access all our apps and data from up to 600 terminal PCs.
“We’re now assessing the impact of rolling out Citrix across mobile device platforms, as well as publishing Citrix applications and desktops virtually on Microsoft HoloLens. Because of the capabilities enabled by Citrix, NSW Health is able to increase the level of patient services we provide, and our relationship will go on for some time as we transform the way we deliver care in the digital age,” concluded Masters.
Safi Obeidullah, Director, Sales Engineering, Citrix ANZ said, “Citrix is proud to support NSW Health in its mission to improve and deliver services on par with some of the best health systems in the world. The future of healthcare – like many industries – is increasingly dependent on the innovative use of modern technology, which is why it’s important for us to help bridge the gap between the technical and clinical expertise.
“Cancer is a leading cause of death in Australia – with more than 130,000 new cases of cancer diagnosed each year. Having seen the tangible cancer patient benefits delivered through Citrix, we look forward to working with NSW Health to further improve health outcomes for cancer patients and fundamentally change the healthcare landscape."
- Citrix Networking Solutions Product Page
- Citrix Virtualization Solutions Product Page
- Citrix News: Citrix NetScaler SD-WAN Enhanced to Support Branch Network Simplification and Expanded Security
Citrix (NASDAQ:CTXS) aims to power a world where people, organizations and things are securely connected and accessible to make the extraordinary possible. Its technology makes the world’s apps and data secure and easy to access, empowering people to work anywhere and at any time. Citrix provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enables IT to ensure critical systems are securely available to users via the cloud or on-premises and across any device or platform. With annual revenue in 2016 of $3.42 billion, Citrix solutions are in use by more than 400,000 organizations and 100 million users globally. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.
© 2017 Citrix Systems, Inc. All rights reserved. Citrix, NetScaler and XenDesktop are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.
NEW YORK – Accenture (NYSE: ACN) has acquired Focus Group Europe, a United Kingdom-based, privately owned, ServiceNow® consulting services provider and software reseller that is one of the largest remaining pure-play ServiceNow consulting partners in the UK. The acquisition solidifies Accenture’s position as a leader in the ServiceNow partner ecosystem, adding to Accenture’s already strong technology capabilities and deep industry experience in cloud strategy, implementation, migration, integration and management.
“Using our proven Cloud First approach, Accenture is able to shepherd clients on their individual and unique journey to cloud ambitions and ultimately getting the most out of their cloud investments,” said Jack Sepple, senior managing director, Accenture Cloud and Accenture Operations group technology officer. “The acquisition of Focus Group Europe is just the latest in a series of significant investments we have made in our cloud business that drive our determination to create the best ServiceNow practice globally. We are particularly excited to welcome Focus Group Europe to our team because our ambitions and cultures are so closely aligned.”
Focus Group Europe is now part of Accenture’s global ServiceNow practice, adding more than 70 professionals with nearly 75 ServiceNow certifications to the team. The combination of Accenture’s already strong position in Europe and the skills acquired through the ServiceNow pure-play acquisition of solid-serVision and Focus Group Europe creates a powerhouse in the region. Accenture, solid-serVision and Focus Group Europe together received four of the seven partner awards, including Top Influencer, at ServiceNow's recent EMEA PartnerNow Summit in Barcelona, Spain.
“Combining Focus Group Europe’s talent and sales and delivery capabilities with Accenture’s client portfolio, global workforce and industry and functional expertise creates a powerful platform to drive growth, and is a natural complement to Accenture’s regional and global position,” said Ciaran Cosgrave, managing director and EALA Lead, Accenture ServiceNow Practice. “Focus Group Europe’s talented professionals will further aid our cloud team to help clients eager to expand and get the most out of their ServiceNow adoption efforts.”
Focus Group Europe, headquartered in London, was founded in 2009 and is now one of the largest independent ServiceNow pure-play companies in the UK, earning the coveted Gold Services and Sales Partner designation. Focus Group Europe has deployed hundreds of successful projects that helped companies of all sizes realize the transformational benefits of ServiceNow.
“We are eager to take our unique service offerings that accelerate our clients’ journeys with ServiceNow to the next level by aligning with Accenture’s deep industry expertise, business acumen and end-to-end cloud offerings,” said John Gilleran, CEO of Focus Group Europe. “Together with Accenture, we will be able to help clients, big and small, make even smarter decisions when implementing ServiceNow and solve their cloud business challenges more rapidly.”
The acquisition of Focus Group Europe is part of a strategic growth plan aimed at strengthening Accenture’s position as a leading provider of ServiceNow services and cloud implementations globally. It follows the acquisition of Germany-based solid-serVision earlier this year, Nashco, a leader in the Canadian ServiceNow market, in November 2016 and US-based Cloud Sherpas in 2015.
“Accenture’s continued investment in ServiceNow is proof of the importance of ServiceNow’s role in the cloud strategy of the largest enterprises,” said David Schneider, Chief Revenue Officer, ServiceNow. “Companies are using ServiceNow to replace the unstructured work patterns of the past with intelligent workflows of the future across IT, HR, customer service and security. As a result, they get energized employees, increased service levels and realize game-changing economics.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture is a leader in helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility, where applications, infrastructure and business processes are brought together and delivered As-a-Service. Accenture’s Cloud First agenda offers comprehensive, industry-focused cloud services including strategy, implementation, migration and managed services, and assets including the Accenture Cloud Platform that can drive broader transformational programs for clients. Accenture has worked on over 20,000 cloud computing projects for clients, including three-quarters of the Fortune Global 100, and has more than 33,000 professionals trained in cloud computing.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which Accenture competes are highly competitive, and Accenture might not be able to compete effectively; Accenture could have liability or Accenture’s reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; Accenture’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if Accenture is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
Together, AppDynamics and Cisco will give customers comprehensive visibility from code to consumer and everything in-between
SAN JOSE, Calif. – Cisco (NASDAQ: CSCO) today announced that it has completed the acquisition of AppDynamics, a leader in application and business monitoring. Together, Cisco and AppDynamics will deliver visibility across the network, data center, security and applications and drive digital transformation that improves customer experiences.
As digital experiences get simpler for consumers, they get more complex for companies trying to stay ahead of customer expectations. The rise of connected devices, distributed architectures, and multi-clouds have increased the complexity of application environments. Companies need insight into the health of every application and every transaction in order to keep up with the pace of change.
AppDynamics empowers the world's largest customers to digitally transform themselves faster and with more confidence. With AppDynamics, enterprises can watch every line of code and understand its impact on user experience and application performance, while providing real-time insight into the digital business. Together with AppDynamics, Cisco will now be able to offer intelligence, correlation and insights at every level of the infrastructure, security and application. This will enable customers to make more informed IT decisions and improve business results.
"In a digital world, the user experience, application, and business are converged and inseparable. AppDynamics sits at this intersection monitoring the impact of every line of code on business outcomes," said David Wadhwani, current chief executive officer, AppDynamics. "By joining forces with Cisco, we're able to double down on our vision of helping companies overcome the complexity of modern software so they can deliver exceptional customer experiences and drive better business performance."
"We acquired AppDynamics because they are a market leader in a category that will be a cornerstone for how enterprises drive their business forward," said Rowan Trollope, senior vice president and general manager, Internet of Things (IoT) and Applications, Cisco. "Together, AppDynamics and Cisco will be the only company that can deliver complete visibility spanning from the infrastructure to application to end user."
In its last fiscal period as an independent company, AppDynamics saw year over year revenue growth of over 50%, with approximately 75% of last year's product revenue purely subscription-based*. The company has enjoyed significant success and customer traction, including:
- Continued growth with customer wins with the European Organization for Nuclear Research (CERN), Vodafone, and Wells Fargo
- Introduction of breakthrough product innovation including Business iQ, a new App iQ performance engine, and Microservices iQ, a new performance engine in the App iQ Platform
- New partnerships with Microsoft for delivery of advanced support for real-time monitoring digital businesses in Microsoft Azure cloud environments, and AppDynamics for ServiceNow to enable companies to proactively manage enterprise applications to deliver exceptional business uptime
- Significant industry accolades, including being named a leader in Gartner's 2016 Magic Quadrant for Application Performance Monitoring Suites, San Francisco's Best Technology Work Culture, and top 10 of Forbes 2016 World's Best Cloud Companies List
AppDynamics will continue to be led by David Wadhwani as a new software business unit in Cisco's IoT and Applications business, reporting to senior vice president Rowan Trollope. As part of Cisco, AppDynamics will serve a critical role in helping drive Cisco's continued transformation into a software company. Under the terms of the agreement, Cisco paid approximately $3.7 billion in cash and assumed equity awards.
Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.
RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds
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, and plans regarding AppDynamics personnel. 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 AppDynamics due to the uncertainty about the acquisition, the retention of employees of AppDynamics and the ability of Cisco to successfully integrate AppDynamics 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.
*For nine months ended October 31, 2016