After closing on a $150 million round of financing from Bain Capital last year, SevOne is putting some of its cash to use. The company said today that it has bought log analytics software specialist RapidEngines for an undisclosed amount. SevOne’s customers, which include Verizon and NASDAQ, will gain access to RapidEngines’ log analytics software, which provides insight into network performance and user behavior.
“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,” said analyst Jim Frey of Enterprise Management Associates. “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.”
“SevOne’s patented architecture provides unique value to organizations that rely heavily on the uninterrupted performance of their networks and data centers,” said Jack Sweeney, CEO of SevOne. “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 is a leading provider of network and data performance solutions to wireless carriers as well as to companies in many other industries, including cable, financial services, and pharmaceuticals.
