Welcome!

Machine Learning Authors: Liz McMillan, Elizabeth White, Darren Anstee, Progress Blog, Dan Blacharski

News Feed Item

AppDynamics Closes $120 Million in Growth Financing to Accelerate Platform and Sales Expansion

SAN FRANCISCO, CA -- (Marketwired) -- 07/22/14 --


  • "Application Intelligence" - Significant Platform and Category Expansion Beyond Application Performance Management (APM)
  • Company Continues Hyper-Growth Worldwide With Triple Digit Annual Growth

AppDynamics, the leader in Application Intelligence, today announced it has secured $120 million in growth financing led by new investors Battery Ventures, ClearBridge Investments and Sands Capital. All four existing investors Greylock Partners, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers, and Institutional Venture Partners, also participated in the round. The $120 million includes $50 million in debt financing provided by Silicon Valley Bank.

The new financing brings the total capital raised by AppDynamics to over $200 million and will fund the company's continued expansion of its Application Intelligence Platform into the IT Operations and Business Analytics markets, and also accelerate go-to-market investments worldwide.

"Application Intelligence is rapidly becoming the foundational management platform for modern enterprises that are going through a digital transformation. It has the opportunity to reshape not only the $4 to $5 billion per year Application Performance Management market, but the broader $20 billion per year IT Operations Management(1) and $34 billion per year Operations and Business Analytics markets(2)," said Jyoti Bansal, founder and CEO at AppDynamics. "This additional financing is great validation of the market category, our strong execution in leading the category and above all the quality of the AppDynamics team across all functions. This financing will help fuel our continued rapid pace of technology innovation, and expansion of our worldwide sales and go-to-market execution."

"Given the massive, secular shifts in today's technology markets toward cloud, mobile and service-oriented apps, I think AppDynamics has a great opportunity to own the next generation of Operations and Application Management," said Neeraj Agrawal, a general partner at Battery Ventures. "I have known Jyoti for years, and during that time he has shown great vision and consistently exceeded his business goals. Battery is extremely excited to partner with AppDynamics."

AppDynamics Market and Vision:

  • "Software is Eating the World": Modern enterprises are going through a huge digital transformation from Systems-of-Record to Systems-of-Engagement -- where software applications not only support the back-office of the enterprise, but are forming the core of customer engagement. Software applications are allowing enterprises to completely optimize their consumer interactions and innovate on consumer experience at a level never seen before.

  • The architectural shift to Cloud, Mobile and DevOps: To enable this rapid digital transformation, technology architectures are going through a generational shift to Cloud Computing, Mobile and broad adoption of agile and DevOps operational practices. The older technology architectures and vendors supplying solutions for these architectures are rapidly becoming obsolete.

  • Market shift away from legacy vendors: Legacy vendors in the $20 billion per year IT Operations Management space like CA Technologies, HP, BMC, Compuware have not been able to innovate as IT applications shift to a new architecture and enterprises go through their digital transformation. Newer companies such as AppDynamics are leading the charge and have emerged as rapidly growing category leaders.

  • The emergence of a new category "Application Intelligence": The new approach to managing IT is "application-centric" instead of "infrastructure-centric." All aspects of the IT Operations Management market are being redefined by applications, user experience and the business transactions they support. AppDynamics is leading the emergence of the new market category "Application Intelligence" where the core mission is to provide an integrated platform for Developers, Operations and the Business to maximize business performance delivered by software application investments. This encompasses performance monitoring, user experience monitoring, infrastructure monitoring, deployment automation, automatic remediation, and operational analytics, combined with seamless business intelligence to tie IT with Business.

  • Disruption in Go-to-market models: The legacy go-to-market model of complex, slow to configure and deploy software with heavy Professional Services requirements is no longer fit for purpose. The new enterprise consumers are demanding easy-to-use products, try-before-you-buy and pay-as-you-go. AppDynamics unique go-to-market strategy of providing hybrid SaaS/on-premise deployments, easy to deploy freemium offerings, and a land-and-expand sales model is aligned with the new buying patterns in the enterprise.

AppDynamics Execution Highlights:

  • Rapid growth: AppDynamics is one of the fastest-growing technology companies worldwide. The company grew more than 175 percent in its fiscal year 2014, which concluded on January 31, 2014. It currently has over 1,300 customers and has doubled its customer base every year for the last three years. Customers include some of the largest banks, largest retail companies and the largest SaaS providers globally. In the last 18 months the number of employees grew from 200 to over 450 based in over 12 countries including the US, UK, France, Germany, India, Japan, Australia and Singapore.

  • Market leader recognition: In Gartner Inc.'s latest "Magic Quadrant for Application Performance Management" report, AppDynamics has been positioned in the Leader's quadrant for the second year in a row. For a complimentary copy of the report, visit www.appdynamics.com/gartner.

  • Exceptional Customer Success & Loyalty: The company's latest Net Promoter Score (a single measure of customer loyalty) is at a world class 85, demonstrating the long-term nature of our customer relationships. The company's NPS is among the highest in the enterprise software industry.

  • Great Place to Work: AppDynamics is widely recognized for its innovative and employee-friendly culture. In 2013, Forbes recognized AppDynamics as the best Cloud Computing Company to work for, and it's CEO Jyoti Bansalas the number one Cloud Computing CEO to work for. In 2014, AppDynamics was recognized by Glassdoor as one of the Best Medium-Sized Companies to Work For in its Employee's Choice Awards. In May 2014, its CEO Jyoti Bansalwas recognized as Best CEO in San Francisco Business Times Tech & Innovation Awards and named a finalist in the prestigious EY Entrepreneur of the Year awards.

  • Rapid Innovation: With its latest platform release in March 2014, the company's Application Intelligence Platform provides the broadest and deepest visibility and management of software applications leveraging JAVA, .Net, node.js, PHP, NoSQL, SQL, Native Mobile and browser-based apps, NetApp Storage, IBM DataPower, Tibco, MongoDB and through its open platform APIs over 100 critical enterprise technologies such as Microsoft Azure, AWS, Pivotal, F5 and Hadoop. AppDynamics, unique among its competitors, offers SaaS, on-premise and private cloud deployment alternatives to its customers. These are available in a fully self-service try-and-buy freemium 'free-forever' edition or commercial Pro Edition.

  • Platform Expansion: In March, AppDynamics announced beta availability of its analytics solution, 'Application Analytics.' This builds on the company's already market-leading Operational Analytics and Real-Time Business Metrics solution. General availability of 'Application Analytics' is targeted for later in 2014.

Twitter: @AppDynamics
Facebook: http://on.fb.me/1fuD8NO
LinkedIn: www.linkedin.com/company/appdynamics

About AppDynamics
At AppDynamics, our Application Intelligence Platform helps today's software-defined businesses proactively monitor, manage and optimize the most complex software environments. All in real time, and all in production. With cloud and on-premise deployment flexibility, AppDynamics works and partners with many of the world's most innovative companies. Customers include Citrix, Edmunds, Expedia, Fox News, John Deere, OpenTable, Salesforce.com, Sephora, StubHub and Union Pacific Railroad. AppDynamics premier event for today's software-defined business AppSphere 2014, takes place November 3-5 in Las Vegas. For more information, visit www.appdynamics.com.

(1) Gartner, Market Share Analysis: IT Operations Management Software, Worldwide, 2013, Laurie F. Wurster, Federico De Silva, John Rizzuto, Matthew Cheung, David M. Coyle and Ronni J. Colville, May 30, 2014

(2) IDC, Worldwide Business Analytics Software 2013-2017 Forecast and 2012 Vendor Shares (IDC #241689), Dan Vesset, Brian McDonough, David Schubmehl and Mary Wardley, June 2013

MEDIA CONTACTS
Dan Berkowitz
AppDynamics
[email protected]
Office: 415.442.8447
Mobile: 415.518.7870

Laura Franzese
Trainer Communications
[email protected]
Office: 415.800.5368

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...