Cisco Systems, Inc. (NasdaqGS:CSCO) agreed to acquire AppDynamics, Inc. from Harmony Partners, LLC and others for $3.7 billion on January 24, 2017. Under the terms of the agreement, Cisco paid approximately $3.7 billion in cash and assumed equity awards. AppDynamics will continue to be a led by Chief Executive Officer, David Wadhwani, as a new software business unit in Cisco's Internet of Things and Applications business, reporting to Rowan Trollope.

The acquisition is subject to customary closing conditions and is expected to close in third quarter of fiscal year 2017. As of February 14, 2017, the deal was granted early termination by Federal Trade Commission. Doug Cogen, Mark Gorman, Connie Chen, Gil Ohana, Douglas Cogen, Lynda Twomey ,Scott Behar, Maureen Montgomery, Taylor Cashwell, Victoria Wong, Salome Viljoen, Elena Moreno Cloutier, Gerald Audant, Kristin O'Hanlon, Laura McIntyre, Elizabeth Gartland, Elizabeth Chang, Stephen Gillespie, Chris Joslyn, Mark Jansen, Joseph Schenck, Samira Hariramasamy, Jung Yoo, Russell Wong, Ari Fink, Emily Bullis, Mark Ostrau, Andrew Kim and Ora Grinberg of Fenwick & West LLP acted as legal advisors and Centerview Partners LLC acted as financial advisor for Cisco Systems. Mike Ringler of Wilson Sonsini Goodrich & Rosati, Professional Corporation acted as legal advisor and Nadir Shaikh of Qatalyst Partners LP acted as financial advisor for AppDynamics.

Daniel Weight acted as general counsel for the transaction. Barclays Capital Inc. acted as the financial advisor to AppDynamics, Inc. UBS acted as financial advisor to AppDynamics LLC. Morgan Stanley and The Goldman Sachs Group, Inc. acted as financial advisors to AppDynamics LLC JP Morgan acted as financial advisor to App Dynamics.