Cisco to acquire streaming data analytics startup
Billing itself as being “built for big data,” Perspica offers analysis tools that it says can “ingest and understand the high volume, velocity, and variety of big data and analyze it in real time.” Cisco says it plans to fold Perspica’s engineering team into another analytics company it purchased earlier this year – management and IT operations analytics company AppDynamics (San Francisco, CA).
According to Cisco, this addition to AppDynamics capabilities will enable customers to further take advantage of machine learning capabilities to analyze large amounts of application-related data, in real time and with business context, including when an application is deployed in a company’s public, private, and multiple cloud environments.
“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,” says Rob Salvagno, Vice President Corporate Business Development at Cisco. “Together, AppDynamics and Perspica can provide enterprises with a way to filter crucial signals from the noise and drive their growth based on the digital streaming insights of their businesses.”
Ultimately,” says Bhaskar Sunkara, Chief Technology Officer and Senior Vice President of Product Management of AppDynamics, “it will enable us to deliver our vision for the future of performance that is infinitely scalable and ridiculously fast to keep pace with developments in the enterprise.”
The cost of the deal is undisclosed. It is expected to close in the second quarter of Cisco’s fiscal year 2018.
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