Jyoti Bansal sold AppDynamics to Cisco for $3.7 billion, making 400 employees millionaires.

Jyoti Bansal, founder of AppDynamics, sold the startup to Cisco for $3.7 billion, turning 400 employees into millionaires. The sale resulted in significant financial gains for many, with some employees seeing outcomes exceeding $5 million. Bansal prioritized the cultural and financial impacts on nearly 1,200 employees when making the decision, emphasizing the importance of considering employee well-being in such transactions. He retained over 14% ownership in the company.

October 04, 2024
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