AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Turbonomic Acquires SevOne

November 4, 2019

BOSTON--(BUSINESS WIRE)--Nov 4, 2019--

Turbonomic, the leader in Application Resource Management, today announced the acquisition of privately-held, Boston-based SevOne. SevOne, a visionary software company, provides customers with the world’s most scalable data platform for real-time performance management. The acquisition enables Turbonomic and SevOne to deliver customers with application performance that is simple, scalable and self-managing.

SevOne’s platform enables the world’s largest and most complex networks to be agile, reliable and more efficient. It provides operational insight with speed at scale through a highly distributed, patented architecture. Recently recognized for its innovative technology, SevOne has been repeatedly named a Visionary in Gartner’s Magic Quadrant for Network Performance Monitoring and Diagnostics 1. The company is trusted by companies such as Verizon, BT and Comcast.

More new applications will be built within the next four years than the previous 40 years combined 2. These applications are increasingly complex, highly distributed and operator intensive to assure performance. The largest and fastest replatforming of applications in IT’s history demands that applications are simple, scalable and self-managing.

Together, Turbonomic and SevOne will deliver customers better data, analytics and decisions to more comprehensively assure application performance.

“The combined entities, with unique intellectual property, have an incredible opportunity to define the future of performance. Over the last 10 years, we’ve invested $200 million to build the world’s leading Application Resource Management solution. Only Turbonomic enables customers to automate the performance management of applications across virtual, cloud and cloud-native environments,” said Benjamin Nye, Chief Executive Officer at Turbonomic. “In parallel, SevOne has built valuable performance-focused Intellectual Property – from the network up. As part of Turbonomic, there is greater opportunity to enable customers to deliver predictable and reliable application performance.”

“Turbonomic customers take a modern approach to managing application resources with AI-powered automation – of which the network is essential,” said SevOne CEO, Jack Sweeney. “We’re excited to join forces with Turbonomic and help customers leverage the combination of these industry leading performance platforms.”

Additional Resources

About Turbonomic
Turbonomic Application Resource Management (ARM) continuously assures that applications get precisely the resources needed to ensure performance and lower cost while maintaining policy compliance. Privately held, Boston-based Turbonomic is one of the fastest-growing software companies, backed by leading venture firms including Bain Capital Ventures, General Atlantic, Globespan Capital Partners, Highland Capital Partners and Iconiq Capital. To learn more, visit turbonomic.com.

About SevOne
SevOne provides modern monitoring and analytics solutions that large organizations need to monitor their networks today, tomorrow and beyond. SevOne simplifies the extraction and enrichment of metric, flow, log and streaming telemetry data across multi-vendor networks enabling enterprises, carriers and managed services providers to ensure optimal network visibility and performance. With SaaS, public cloud and on-prem offerings, including several pre-built solutions specifically designed to solve SD-WAN, SDN, NFV and enterprise Wi-Fi challenges, SevOne helps customers compete and win in the connected world. For more information visit www.sevone.com and follow the company on Twitter @SevOneInc.

1 Gartner Magic Quadrant for Network Performance Monitoring and Diagnostics, Sanjit Ganguli and Ted Corbett, 7 February 2019. G00354365
2 IDC FutureScape: Worldwide IT Industry 2019 Predictions, Oct 2018, #US44403818

View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005984/en/

CONTACT: Katryn McGaughey

(781) 267-5147

Katryn.McGaughey@Turbonomic.com

KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS INTERNET DATA MANAGEMENT

SOURCE: Turbonomic

Copyright Business Wire 2019.

PUB: 11/04/2019 04:13 PM/DISC: 11/04/2019 04:13 PM

http://www.businesswire.com/news/home/20191104005984/en