Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report on Thursday announced its intent to acquire Perspica, a machine learning-driven operations analytics startup, which will support and accelerate its AppDynamics.
Cisco acquired AppDynamics earlier this year for $3.7 billion. The company helps firms understand how their applications are performing and what hardware and software are affecting production.
"With the addition of Perspica to our AppDynamics capabilities, customers will be able to further take advantage of machine learning capabilities to analyze large amounts of application-related data, in real time and with business context, including when an application is deployed in a company's public, private and multiple cloud environments," Cisco said.
Shares of Cisco were higher in mid-morning trading on Thursday.
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