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SevOne strengthens log data analytics offering with acquisition

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.

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Martha DeGrasse
Martha DeGrassehttp://www.nbreports.com
Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.