Resolve Systems, an Irvine, CA-based IT automation and orchestration platform, acquired FixStream, a Bengaluru, Karnataka, India-based developer of Artificial Intelligence for IT Operations (AIOps), for $24m.
The acquisition, expected to close by the end of September, will enable Resolve to offer an IT automation platform which combines artificial intelligence insights into dynamic, hybrid IT environments with automation capabilities that are purpose-built for the complexity of modern enterprises.
The unified platform will handle a wide array of IT operations – from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings. This will enable customers to improve infrastructure performance, reduce mean time to resolution (MTTR), increase IT operations efficiency, reduce alarm noise, and proactively and intelligently allocate resources for critical business services.
Led by Sameer Padhye, CEO and founder, FixStream provides an AIOps platform featuring automated dependency mapping that dynamically tracks the changing relationships between applications and underlying infrastructure to aid in quickly diagnosing the root cause of performance issues and outages. It also leverages artificial intelligence and machine learning to analyze and contextualize large volumes of systems data, enabling the solution to detect patterns that predict future issues across the entire IT stack.
Led by John Ferron, CEO, Resolve is an IT automation and orchestration platform purpose-built to enable today’s ITOps, NetOps, and SecOps teams to meet the growing demands on IT, and powering more than a million automations every day from repetitive tasks to complex processes.
The company is majority owned by Insight Partners, a global venture capital and private equity firm investing in high-growth technology and software companies.
FinSMEs
20/08/2019