SevOne, provider of performance monitoring solutions to telco and enterprise has acquired RapidEngines, a leading provider of highly scalable log analytics software for IT enterprises, service providers and application developers. The acquisition is the first from SevOne since closing the $150M investment from Bain Capital.
Jack Sweeney, CEO of SevOne, commented on the acquisition:
SevOne’s patented architecture provides unique value to organizations that rely heavily on the uninterrupted performance of their networks and data centres. The acquisition of RapidEngines will enhance SevOne’s customers’ ability to pro-actively identify and resolve performance issues by adding log data analytics to their troubleshooting process.
According to Jim Frey, Vice President of Research at Enterprise Management Associates:
Organizations should ensure that log analytics is a key component of their overall performance monitoring strategy… 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.
The transaction closed on March 27, 2014. RapidEngines will be combined with SevOne’s team. Additional terms were not disclosed.
Read the full press release here.