Resolve Systems announced the acquisition of FixStream, a provider of AIOps.
The acquisition, expected to close by the end of September, will enable Resolve to offer a robust IT automation platform by combining artificial intelligence insights into dynamic, hybrid IT environments with powerful automation capabilities that are purpose-built for the complexity of modern enterprises.
The unified platform will handle a wide array of IT operations – from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings. This will enable customers to significantly improve infrastructure performance, reduce mean time to resolution (MTTR), increase IT operations efficiency, reduce alarm noise, and proactively and intelligently allocate resources for critical business services.
Ultimately, the long-term vision for the combined Resolve and FixStream solution is to aid customers in achieving the long-awaited promise of “self-healing IT.” Combining FixStream’s multi-layer visibility and predictive analytics with Resolve’s cross-domain, service-level automation capabilities will arm customers with an unparalleled ability to automatically predict, prevent, and fix issues autonomously. Leveraging dynamic dependency mapping and AI-driven insights to inform, auto-update, and trigger intelligent automations, Resolve will be able to deliver a closed-loop system of discovery, analysis, detection, prediction, and automation.
Acquiring FixStream enables Resolve to further tap into the market for AIOps solutions, which is seeing significant growth as IT teams cope with the conundrum of reducing IT costs while managing increasing complexity, including an exponential uptick in data volumes generated by IT infrastructure and applications. Gartner estimates the subsegment of the performance analysis market that includes AIOps, ITIM, and other monitoring tools will reach $5.7 billion in revenue worldwide by 2020.*
“We believe that FixStream’s AIOps and infrastructure mapping capabilities are a perfect marriage with Resolve’s enterprise automation platform, providing game-changing functionality that will enable customers to achieve unprecedented agility, speed and simplicity in IT operations,” said John Ferron, CEO of Resolve. “By combining our powerful, cross-domain automation with insights from FixStream’s artificial intelligence, we’ll be able to help IT teams accelerate their digital transformation journey.”
“Together, Resolve and FixStream offer IT organizations the complete automation platform they have been looking for. We’ve repeatedly heard the need for a solution that brings together best-in-class AIOps with proven, cross-domain automation capabilities and are thrilled to see this vision become reality,” said Sameer Padhye, CEO and founder of FixStream. “Beyond the synergies that exist within our products, we share the common goal of helping IT organizations address the challenges posed by modern IT infrastructure and improve service delivery.”
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