Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SEVONE ACQUIRES LOG ANALYTICS PROVIDER RAPIDENGINES

SEVONE Acquires Log Analytics Provider RAPIDENGINES

SevOne Advances the Field of Log Analytics with RapidEngines Acquisition

SevOne, the leader of scalable performance monitoring solutions to the world’s most connected companies announced it 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 large customer base will now have access to RapidEngines’ log analytics software granting users the benefit of automatically collecting and organising log data to better provide a detailed picture of user and machine behavior.

SEVONE Acquires Log Analytics Provider RAPIDENGINES

SEVONE Acquires Log Analytics Provider RAPIDENGINES

“SevOne’s patented architecture provides unique value to organisations 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’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, “Organisations 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 realise 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.”

“We’re excited to join forces with the SevOne team,” said Thomas Grabowski, Co-Founder and CEO of RapidEngines, and original co-founder of LogLogic. “The acquisition catapults SevOne to the forefront of performance monitoring and diagnostic solutions.”

The transaction closed on March 27, 2014. RapidEngines will be combined with SevOne’s team.  Additional terms were not disclosed.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post