Cisco is buying 400-employee startup ThousandEyes, which launched by using thrown-away computer servers and an unusual source of seed money

ThousandEyes

• Cisco plans to buy a startup called ThousandEyes, it announced on Thursday.
• The acquisition marks a natural fit for the network equipment giant: ThousandEyes offers a service that watched the whole internet to help companies avoid outages and service problems.
• ThousandEyes is used many big-name tech companies and said it had $100 million under contract for its 2020 fiscal year.
• Terms of the deal were not disclosed but ThousandEyes had an estimated valuation of $670 million a year ago. Bloomberg reported that the deal could be valued at "nearly" $1 billion.
• ThousandEyes is an unusual success story because its founders launched with almost no money and investors came after them, not the other way around, its founder and CEO once told us.
• Visit Business Insider's homepage for more stories.

Cisco announced on Thursday that it plans to buy a 400-employee startup called ThousandEyes, though it didn't disclose the terms of the deal.

ThousandEyes is an interesting startup, that has made a name for itself with its service that watches pretty much the whole internet to help companies figure out the source of performance problems of websites and web-based apps. For instance, it can determine if an outage is the company's fault or that of its service providers.

See the rest of the story at Business Insider

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