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AppDynamics Nears IPO, Taking on CA With App-Tracking Software

AppDynamics Inc. founder Jyoti Bansal left CA Inc. five years ago to develop competitive software for businesses to monitor their applications. Now his startup is approaching $100 million in annual revenue and is setting the stage for an initial public offering.

Bansal, 35, built AppDynamics for the age of cloud and mobile computing, catering to companies that are developing data-intensive apps. Customers like travel site Expedia Inc. and cable provider Cablevision Systems Corp. are paying AppDynamics more than $1 million a year for software to rapidly spot glitches on servers and databases, according to Bansal.