SevOne 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 which remains one of the largest venture financings of 2013.
SevOne’s customer base will now have access to RapidEngines log analytics software granting users the benefit of automatically collecting and organizing log data to better provide a detailed picture of user and machine behavior.
Jack Sweeney, CEO of SevOne said: “The acquisition of RapidEngines will enhance SevOne’s customers’ ability to proactively identify and resolve performance issues by adding log data analytics to their troubleshooting process.”
SevOne’s Senior Vice President and CTO, Vess Bakalov, adds: “Incorporating log analytics into SevOne’s all-in-one solution allows for deeper visibility within another dimension of performance management.”
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. EMA research evidences strong and growing interest in leveraging log data across multiple infrastructure planning and operations management use cases. 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,” explained Frey. “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.
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