Welcome!

Apache Authors: Pat Romanski, Liz McMillan, Elizabeth White, Christopher Harrold, Janakiram MSV

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.

@ThingsExpo Stories
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
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...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...