Turbonomic, a Boston, MA-based provider an Application Resource Management solution, acquired SevOne, a Boston-based provider of a scalable data platform for real-time performance management.
The amount of the deal was not disclosed.
The acquisition enables Turbonomic and SevOne to provide customers with improved data and analytics to more comprehensively assure application performance.
Turbonomic customers will benefit from the integration of SevOne’s network insights and analytics for reporting detailed performance data, advancing their resource decision abilities and demonstrating business value.
SevOne will continue to provide its customers with scalable network monitoring performance.
Led by CEO Jack Sweeney, SevOne provides modern monitoring and analytics solutions for large organizations to monitor their networks. It simplifies the extraction and enrichment of metric, flow, log and streaming telemetry data across multi-vendor networks enabling enterprises, carriers and managed services providers to ensure optimal network visibility and performance via SaaS, public cloud and on-prem offerings, including several pre-built solutions specifically designed to solve SD-WAN, SDN, NFV and enterprise Wi-Fi challenges. The solutions are used by companies such as Verizon, BT and Comcast.
Led by Benjamin Nye, Chief Executive Officer, Turbonomic provides an Application Resource Management (ARM) solution that continuously assures that applications get precisely the resources needed to ensure performance and lower cost while maintaining policy compliance. The company is backed by venture firms including Bain Capital Ventures, General Atlantic, Globespan Capital Partners, Highland Capital Partners and Iconiq Capital.
FinSMEs
05/11/2019