AppDynamics, $ 158 million more to weigh on the APM market
AppDynamics, an American company specializing in APM (Application Performance Management), has just raised 158 million dollars (approximately 149 million euros) from General Atlantic and Altimeter Capital, as main investors, and from Adage Capital, Industry Ventures, Goldman Sachs, Cross Creek Advisors, Institutional Venture Partners, Greylock Partners and Lightspeed Venture Partners.
In the end, this new operation brings to 315 million dollars the amounts raised by the company since its creation. According to Reuters, its valuation would reach 1.9 billion dollars.
Founded in 2008, AppDynamics develops a solution to analyze applications and software environments in real time. It is also possible to monitor databases or servers. The idea is to recover data which will then improve performance
The company has clients in the financial services, healthcare, insurance and even media and entertainment sectors. Yahoo !, Sony, Pearson and Weight Watcher are some of its clients.
The company is therefore positioning itself in the APM (Application Performance Management) market. It must therefore face competition from many players such as CA Technologies or New Relic and IBM. AppDynamics, which has 850 employees, claimed in February to achieve $ 150 million in revenue over the last twelve months.
While many companies have seen their valuation called into question, such as Square, which went public on the basis of a capitalization lower than its previous round of table. To convince investors, David Wadhwani, CEO of AppDynamics, told Reuters that he demonstrated to investors that AppDynamics has cut spending to acquire new customers.
CEO: David Wadhwani
The head office : San Francisco (United States)
Market : application performance analysis
Competitors: CA Technologies, New Relic, IBM, Dell