Atlassian to Acquire OpsGenie
September 05, 2018
Share this

OpsGenie has signed a definitive agreement to be acquired by Atlassian for $295 million.

“Trends like DevOps, microservices and agile software development have profoundly changed how companies build and run their IT operations today — and makes monitoring those critical operations even more complex,” said Neeraj Agrawal, a Battery general partner and OpsGenie board member. “In light of these trends, incident-management companies like OpsGenie are now sought after by strategic acquirers. Battery is proud to have backed OpsGenie and believes there is even more room for innovation in this sector.”

“We see great synergies between Atlassian and OpsGenie,” said Berkay Mollamustafaoğlu, OpsGenie’s co-founder and CEO. “We share Atlassian’s vision of empowering teams through open work and collaboration and believe that together we can revolutionize the manner in which IT incidents are addressed throughout the entire response lifecycle.”

OpsGenie, which is based in Boston, provides a platform that helps organizations manage the flood of increasingly critical IT alerts that are now commonplace when operating “always-on” IT services. OpsGenie centralizes alerts, notifies the right people reliably and enables them to collaborate and take rapid action.

Software is also being developed more quickly today, which creates more opportunities for mishaps — and a need to alert the right people, in a timely manner, to fix software problems, noted Mollamustafaoğlu. OpsGenie’s technology — currently used by more than 3,000 companies — integrates with other key monitoring and ticketing tools and serves as a central repository for alert data.

“The Battery team has been a true growth partner to OpsGenie,” said Mollamustafaoğlu. “Battery’s assistance with recruiting top executives — in addition to helping us with other strategic and tactical matters—has been extremely valuable.” Battery, a global, technology-focused investment firm, in 2016 led OpsGenie’s Series A investment — the company’s only institutional round — and is the company’s majority shareholder.

Battery Ventures provides investment advisory services solely to privately offered funds. Battery Ventures neither solicits nor makes its services available to the public or other advisory clients.

Share this

The Latest

October 10, 2019

The requirements of an APM tool are now much more complex than they've ever been. Not only do they need to trace a user transaction across numerous microservices on the same system, but they also need to happen pretty fast ...

October 09, 2019

Performance monitoring is an old problem. As technology has advanced, we've had to evolve how we monitor applications. Initially, performance monitoring largely involved sending ICMP messages to start troubleshooting a down or slow application. Applications have gotten much more complex, so this is no longer enough. Now we need to know not just whether an application is broken, but why it broke. So APM has had to evolve over the years for us to get there. But how did this evolution take place, and what happens next? Let's find out ...

October 08, 2019

There are some IT organizations that are using DevOps methodology but are wary of getting bogged down in ITSM procedures. But without at least some ITSM controls in place, organizations lose their focus on systematic customer engagement, making it harder for them to scale ...

October 07, 2019
OK, I admit it. "Service modeling" is an awkward term, especially when you're trying to frame three rather controversial acronyms in the same overall place: CMDB, CMS and DDM. Nevertheless, that's exactly what we did in EMA's most recent research: <span style="font-style: italic;">Service Modeling in the Age of Cloud and Containers</span>. The goal was to establish a more holistic context for looking at the synergies and differences across all these areas ...
October 03, 2019

If you have deployed a Java application in production, you've probably encountered a situation where the application suddenly starts to take up a large amount of CPU. When this happens, application response becomes sluggish and users begin to complain about slow response. Often the solution to this problem is to restart the application and, lo and behold, the problem goes away — only to reappear a few days later. A key question then is: how to troubleshoot high CPU usage of a Java application? ...

October 02, 2019

Operations are no longer tethered tightly to a main office, as the headquarters-centric model has been retired in favor of a more decentralized enterprise structure. Rather than focus the business around a single location, enterprises are now comprised of a web of remote offices and individuals, where network connectivity has broken down the geographic barriers that in the past limited the availability of talent and resources. Key to the success of the decentralized enterprise model is a new generation of collaboration and communication tools ...

October 01, 2019

To better understand the AI maturity of businesses, Dotscience conducted a survey of 500 industry professionals. Research findings indicate that although enterprises are dedicating significant time and resources towards their AI deployments, many data science and ML teams don't have the adequate tools needed to properly collaborate on, build and deploy AI models efficiently ...

September 30, 2019

Digital transformation, migration to the enterprise cloud and increasing customer demands are creating a surge in IT complexity and the associated costs of managing it. Technical leaders around the world are concerned about the effect this has on IT performance and ultimately, their business according to a new report from Dynatrace, based on an independent global survey of 800 CIOs, Top Challenges for CIOs in a Software-Driven, Hybrid, Multi-Cloud World ...

September 26, 2019

APM tools are your window into your application's performance — its capacity and levels of service. However, traditional APM tools are now struggling due to the mismatch between their specifications and expectations. Modern application architectures are multi-faceted; they contain hybrid components across a variety of on-premise and cloud applications. Modern enterprises often generate data in silos with each outflow having its own data structure. This data comes from several tools over different periods of time. Such diversity in sources, structure, and formats present unique challenges for traditional enterprise tools ...

September 25, 2019

Today's organizations clearly understand the value of digital transformation and its ability to spark innovation. It's surprising that fewer than half of organizations have undertaken a digital transformation project. Workfront has identified five of the top challenges that IT teams face in digital transformation — and how to overcome them ...