Performance monitoring platform maker SevOne has acquired time series data analytics specialist RapidEngines.
SevOne says the acquisition will give its enterprise and service provider customers access to automated collection and organization of log data in building user and machine behaviour profiles.
SevOne is best known for its SevOne Cluster, which leverages distributed computing to collect millions of key performance indicators and to provide proactive alerts when performance deviates from normal. RapidEngines develops products and services for high volume, complex application log management and time series data analytics.
“SevOne’s patented architecture provides unique value to organizations that rely heavily on the uninterrupted performance of their networks and data centers,” SevOne CEO Jack Sweeney said in a release. “The acquisition of RapidEngines will enhance SevOne’s customers’ ability to proactively identify and resolve performance issues by adding log data analytics to their troubleshooting process.” Vess Bakalov, SevOne’s senior vice-president and CTO, added that “Incorporating log analytics into SevOne’s all-in-one solution allows for deeper visibility within another dimension of performance management.”
The release announcing the deal came with a quote from Jim Frey- vice-president of research at Enterprise Management Associates, who said organizations should include log analytics is part their overall performance monitoring strategy. “EMA research evidences strong and growing interest in leveraging log data across multiple infrastructure planning and operations management use cases. But to fully realize the potential complementary value of unstructured log data, it must be aligned and integrated with structured management data, and manual analysis must be replaced with automated approaches. By combining the RapidEngines capabilities with its existing solution, SevOne will be the first to truly integrate log data into an enterprise-class, carrier-grade performance management system.”
“We’re excited to join forces with the SevOne team,” said Thomas Grabowski, co-founder and CEO of RapidEngines. “The acquisition catapults SevOne to the forefront of performance monitoring and diagnostic solutions.”
The acquisition was finalized on March 27 and is the first for SevOne since the company closed a US$150 million investment from Bain Capital in 2013.
