LogicMonitor Acquires Dexda
July 12, 2021
Share this

LogicMonitor acquired Dexda, a big data and machine learning predictive fault identification company.

The acquisition contributes to LogicMonitor’s vision of establishing a global AIOps (Artificial Intelligence for IT Operations) Center of Excellence and accelerates artificial intelligence (AI) and machine learning (ML) enhancements across LogicMonitor’s product portfolio.

“Today’s complex, hybrid IT environments create data at an exploding pace and scale that’s too vast to be analyzed manually. Applying AI and ML to siloed infrastructure and application performance data — be it machine or services alerts or events — allows companies to automatically extract real-time insights to drive better business outcomes,” said Kevin McGibben, CEO of LogicMonitor. “Acquiring Dexda will further enhance LogicMonitor’s ability to generate automated, full-stack insights across the critical technologies modern companies depend on to deliver extraordinary employee and customer experiences.”

Dexda was founded in 2017 and is based in London. The company combines the power of big data and ML to deliver alarm management, AIOps capabilities and intelligent predictive fault detection for technology assets. Dexda’s unique cloud-based solution automates the complex process of predicting and preventing costly asset failures before they occur. Dexda’s disruptive technology finds and manages incidents quickly, linking seamlessly with service desks to provide IT operators and engineers with critical information.

“At Dexda, our vision has always been to use AI and ML to transform asset data into insights that power business growth, and LogicMonitor absolutely shares this vision,” said Patrick O’Connor, CEO and Founder of Dexda. “We’re excited to see the ways in which the Dexda team’s data science and AIOps expertise will further enhance LogicMonitor’s award-winning infrastructure monitoring and observability platform.”

The Dexda acquisition marks the second acquisition this year for LogicMonitor. The company also acquired Bay Area-based application error and performance monitoring company Airbrake in February 2021. The terms of the Dexda transaction will not be disclosed.

Share this

The Latest

October 21, 2021

Scaling DevOps and SRE practices is critical to accelerating the release of high-quality digital services. However, siloed teams, manual approaches, and increasingly complex tooling slow innovation and make teams more reactive than proactive, impeding their ability to drive value for the business, according to a new report from Dynatrace, Deep Cloud Observability and Advanced AIOps are Key to Scaling DevOps Practices ...

October 20, 2021

Over three quarters (79%) of database professionals are now using either a paid-for or in-house monitoring tool, according to a new survey from Redgate Software ...

October 19, 2021

Gartner announced the top strategic technology trends that organizations need to explore in 2022. With CEOs and Boards striving to find growth through direct digital connections with customers, CIOs' priorities must reflect the same business imperatives, which run through each of Gartner's top strategic tech trends for 2022 ...

October 18, 2021

Distributed tracing has been growing in popularity as a primary tool for investigating performance issues in microservices systems. Our recent DevOps Pulse survey shows a 38% increase year-over-year in organizations' tracing use. Furthermore, 64% of those respondents who are not yet using tracing indicated plans to adopt it in the next two years ...

October 14, 2021

Businesses are embracing artificial intelligence (AI) technologies to improve network performance and security, according to a new State of AIOps Study, conducted by ZK Research and Masergy ...

October 13, 2021

What may have appeared to be a stopgap solution in the spring of 2020 is now clearly our new workplace reality: It's impossible to walk back so many of the developments in workflow we've seen since then. The question is no longer when we'll all get back to the office, but how the companies that are lagging in their technological ability to facilitate remote work can catch up ...

October 12, 2021

The pandemic accelerated organizations' journey to the cloud to enable agile, on-demand, flexible access to resources, helping them align with a digital business's dynamic needs. We heard from many of our customers at the start of lockdown last year, saying they had to shift to a remote work environment, seemingly overnight, and this effort was heavily cloud-reliant. However, blindly forging ahead can backfire ...

October 07, 2021

SmartBear recently released the results of its 2021 State of Software Quality | Testing survey. I doubt you'll be surprised to hear that a "lack of time" was reported as the number one challenge to doing more testing, especially as release frequencies continue to increase. However, it was disheartening to see that a lack of time was also the number one response when we asked people to identify the biggest blocker to professional development ...

October 06, 2021

The role of the CIO is evolving with an increased focus on unlocking customer connections through service innovation, according to the 2021 Global CIO Survey. The study reveals the shift in the role of the CIO with the majority of CIO respondents stating innovation, operational efficiency, and customer experience as their top priorities ...

October 05, 2021

The perception of IT support has dramatically improved thanks to the successful response of service desks to the pandemic, lockdowns and working from home, according to new research from the Service Desk Institute (SDI), sponsored by Sunrise Software ...