Cisco Systems had made an agreement to buy US business software company AppDynamics for $3.7 billion.
Founder of AppDynamics, Jyoti Bansal gave a hint that $525 million which he had made through this deal will go towards funding Startup companies in Silicon Valley in India.
Bansal in his LinkedIn posted “What a journey! It was January of 2008, nine years ago today, I was a young software engineer with a determination to start my own company. I spent uncountable days making rounds in the Silicon Valley, trying to generate interest from venture capitalists. I sat on my couch in San Francisco and wrote codes on nights and weekends,”
Founded in 2008, AppDynamics is an American APM Company based in San Francisco. In the field of distributed applications management, Bansal is the lead inventor on 14 US patent applications. This Startup had more than 400 people and was on the verge of an IPO before the Cisco acquisition.
38 Year old Jyoti Bansal said that in his nine-year long journey, he learned a lot. “However, one of the most important things I learned is that you have to have a big dream, a better goal, and the best vision; but, you have got to implement it ‘one milestone at a time.’ There will be hurdles, but you get up and keep going until you reach that next milestone.”
AppDynamics makes software that analyses and manages applications. It has about 2000 paying customers.
The acquisition just happened a day before its IPO. Jyoti Bansal will now be mentoring Startups in Silicon Valley and will be focussing his new venture.