The present invention relates to a method of managing a network. The method steps includes extracting a signature from a first traffic flow of a plurality of traffic flows on the network based on layer-3/layer-4 information of the first traffic flow, storing the signature and an identification of a layer-7 application associated with the signature in a signature repository, identifying a second traffic flow of the plurality of traffic flows being associated with the layer-7 application by correlating the second traffic flow to the signature, and managing the network based on layer-7 application identification of the plurality of traffic flows.