One in a Billion
Jyoti Bansal, Founder of application intelligence venture AppDynamics, recently sold his company to Cisco in a $3.7-billion deal, a day before the company was slotted for an IPO on NASDAQ. Bansal is an IIT- Delhi alumnus who moved to the US in 2000 and started his company in 2008. “In the nine years since, AppDynamics grew from that initial dream to a successful technology company that today is a strategic software vendor for the world’s largest enterprises,” Bansal wrote on a blog on LinkedIn. According to reports, Bansal has a 14 per cent stake in AppDynamics, which would translate to approximately $525 million.