Click here to close now.

Welcome!

Web 2.0 Authors: Pat Romanski, Plutora Blog, John Savageau, Carmen Gonzalez, Yakov Fain

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

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
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of presentation. In her session at @ThingsExpo, Jocelyn Scheirer, CEO & Founder of Bionolux, will discuss ho...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
The IoT market is projected to be $1.9 trillion tidal wave that’s bigger than the combined market for smartphones, tablets and PCs. While IoT is widely discussed, what not being talked about are the monetization opportunities that are created from ubiquitous connectivity and the ensuing avalanche of data. While we cannot foresee every service that the IoT will enable, we should future-proof operations by preparing to monetize them with extremely agile systems.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. Learn about IoT, Big Data and deployments processing massive data volumes from wearables, utilities and other machines.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manufacturing, ...