According to Juheng.com, Cisco has announced the acquisition of software company ThousandEyes. According to people familiar with the matter, the price of the acquisition is about $ 1 billion.

Regarding this acquisition, Cisco's senior vice president Todd Nightingale said that as the demand for remote work has greatly increased and the ability to connect to the network is facing a huge test, ThousandEyes' services for network user experience are more important than ever. With thousands of monitoring software, ThousandEyes' platform has an unprecedented understanding of the network, making each monitoring more intelligent.

The report said that although Cisco has a place in the vast majority of markets, the company clearly hopes to enter the field of software services to adapt to changes in market trends. It is reported that as early as 2017, Cisco spent $ 3.7 billion to acquire network software service company AppDynamics. The acquisition of ThousandEyes can complement the business and enhance the visibility of the enterprise, network and cloud.

It is reported that ThousandEyes was founded in 2010 and is headquartered in San Francisco with 400 employees. It provides a cloud-based software package that can analyze the performance of local and wide area networks and the Internet. The latest fundraising in February 2019 exceeded US $ 110 million with a valuation of approximately US $ 670 million.