Jyoti Bansal stepped down as the Chief Executive Officer in September 2015, handing over day-to-day operations to David Wadhwan. Photo: BloombergNew Delhi: Indian-American entrepreneur Jyoti Bansal has agreed to sell his application intelligence venture AppDynamics to Cisco Systems for a $3.7 billion (Rs 25,150 crore approx) deal. Here are some key facts related to the deal and AppDynamics founder Jyoti Bansal:■ Jyoti Bansal earned his BS degree in Computer Science from the Indian Institute of Technology, Delhi in 1999. ■ Greylock Partners and Lightspeed Venture Partners, two early backers, each hold 21% of AppDynamics, according to Bloomberg. Institutional Venture Partners had 8.3% of the shares and Kleiner Perkins Caufield & Byers held 7.1%.

Source: Mint January 26, 2017 14:32 UTC