(Reuters) - Software management company AppDynamics named David Wadhwani as its chief executive, replacing founder Jyoti Bansal, who will become chairman and chief strategist.
Wadhwani joins AppDynamics from Adobe Systems (NASDAQ:ADBE) Inc where he oversaw the Photoshop maker's digital media business, and also has product experience at Oracle Corp (NYSE:ORCL), AppDynamics said.
Privately held AppDynamics, founded by Bansal in 2008, helps businesses manage, monitor and analyze their software applications.
The company was valued at more than $1 billion as of July last year when it disclosed a $120 million funding round.