IBM is acquiring Instana, an applications performance management startup. The acquisition represents IBM's transitions from software and services to a company fully focussed on hybrid cloud management by focusing on hybrid cloud, big data, and AI capabilities.
As companies have started to use more complex distributed systems by using public clouds, private clouds, and on-premises, this acquisition of IBM is getting much more sense for the company to give customers a way to manage complex hybrid and multi-cloud environments." Our clients today are faced with managing a complex technology landscape filled with mission-critical applications and data that are running across a variety of hybrid cloud environments – from public clouds, private clouds, and on-premises," said Rob Thomas, Senior Vice President, Cloud and Data Platform, IBM. "IBM's acquisition of Instana is yet another important step that we are taking to provide companies with the most complete portfolio of AI-automated solutions to tackle this enormous challenge and help prevent unforeseen IT incidents that can cost a business in lost revenue and reputation."
Headquartered in Chicago, with a development center in Germany, Instana, which was founded in 2015 by Mirko Novakovic, Pete Abrams, Fabian Lange, and Pavlo Baron. "With the added responsibility of ensuring the build and run quality of the software they develop, DevOps teams need a new generation of application performance monitoring and observability capabilities to succeed," said Mirko Novakovic, co-founder, and CEO, Instana. "Instana's observability capabilities combined with IBM's AI-powered automation capabilities across hybrid cloud environments will give clients a full view of their application performance to best optimize operations." The company raised $57 million along the way, with the most recent round being that $30 million Series C in 2018.
Sourced from Forbes - Contributed by Ilker Koksal