AppDynamics secures $158m, expands partner ecosystem and improves services
AppDynamics, the app intelligence provider, recently announced that it had closed a financing round of $158m led by General Atlantic and Altimeter Capital. In addition, the company signed a co-engineering, co-marketing and co-sales agreement with a series of partners in order to expand the reach of its app intelligence services.
AppDynamics provides app performance management features
As part of General Atlantic’s investment, Robert Swan, joins the AppDynamics board of directors. David Wadhwani, President and CEO, AppDynamics, says:
“Virtually every business in every industry is going through a digital transformation to stay competitive and AppDynamics is at the heart of this transition. We are excited to partner with General Atlantic and Altimeter Capital, as well as our other investors, as we look to accelerate product innovation, expand our offering, and fuel our sales and marketing activities.”
AppDynamics’Application Intelligence Platform enables businesses to ensure their apps perform and satisfy user experience. Its features improve DevOps collaboration for faster delivery and enhanced analytical insight for better decision making. The partner ecosystem, which includes a growing number of cloud services, tech as well as solution providers lets partners respond faster to end-user requirements.
Matthew Polly, VP of worldwide alliances and business development, AppDynamics, says:
“Businesses are increasingly engaging their customers online and through mobile applications. These software solutions are quickly becoming the primary customer touch points for businesses. Our investments in the partner ecosystem are ensuring that AppDynamics’ partners have a clear advantage when helping enterprises transform their businesses to digital.”
Adding to a stream of releases and announcements, AppDynamics further said it had made major enhancements to its end-user capabilities as part of its Winter ’16 Release. The update provides support for mobile and browser real-user monitoring, letting enterprises trace the digital user journey and correlate actions such as mobile screen views to app performance.