The first tech IPO of 2017 is cancelled: Cisco is buying AppDynamics for $3.7 billion

AppDynamics, which would have been the first big tech IPO of 2017, is getting purchased by Cisco for $3.7 billion in cash and equity awards, according to a blog post.

NOW WATCH: An exercise scientist reveals the key to getting stronger

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at