Idera announced the acquisition of Precise Software, a provider of end-to-end application performance management software.
The acquisition expands the company’s application performance management offerings.
Precise Software products monitor and evaluate end-to-end performance information across physical and virtual environments for major packaged and custom application architectures.
“We are excited about the acquisition of Precise. They pioneered application performance management solutions and built a portfolio of intellectual property that includes patents, developed technology and best practices for the industry,” said Randy Jacops, CEO of Idera. “With Precise and Idera, IT professionals can deploy a complete solution that covers monitoring, detection, resolution, prevention and administration.”
Precise Software serves more than 800 customers. Like Idera, Precise provides solutions to problems that IT professionals face daily, by managing and securing applications in the enterprise and the cloud.
John Vitalie, CEO of Precise Software said, “Our highly dedicated team at Precise has delivered market leading innovations to global customers for over 20 years. I’m very confident that combining our experience and leveraging our strengths will ensure customers achieve greater value via actionable intelligence about true application performance across the enterprise. This is a very exciting new era and significant achievements will follow.”
Precise Software products will continue to be marketed, sold and supported by Precise Software employees, the existing company website, and select channel partners, and the Precise brand will continue as a distinct offering with minimal disruption to current customers.
Idera expects a renewed focus on customer success, with product roadmaps focused on the highest value features and performance metrics.
Josh Stephens, VP of Product Strategy for Idera, said, “With the Precise acquisition we have the unique opportunity to engage a new customer base with our product emphasis on quality, usability, and customer value. We are also able to provide innovations and new products to Idera’s 12,000 existing customers. Application performance drives significant cost and efficiency improvements, a result coveted by every C-level executive. We are determined to build a world-class portfolio of technology assets to lead the application management space as well as drive the software value discussion.”
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