AppDynamics Delays IPO Until 2017
AppDynamics has delayed its IPO (initial public offering) until early 2017, sources told The Wall Street Journal. The application performance monitoring (APM) software provider apparently wants to remain on the sidelines amid market uncertainties ahead of the Presidential Inauguration.
AppDynamics held its popular AppSphere conference just last week — going head-on against rival New Relic’s FutureStack conference. Both companies have been pushing beyond their APM heritage, building channel partner programs and positioning themselves as platforms for digital transformation.
AppDynamics had been growing more than 100 percent annually through the end of 2015, but I don’t know the company’s current-year growth rate.
Matthew Polly, VP of worldwide alliances and business development, arrived at AppDynamics in 2013 and has built a more formalized partner program in recent years. More recently, the AppDynamics deepened its support for Microsoft Azure, allowing service providers and customers to more effectively monitoring applications on that cloud.
AppDynamics has not commented on the alleged IPO delay. We’ll be watching for updates. Rival New Relic (NEWR) went public in December 2014.
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