Hewlett Packard Business (HPE )has actually revealed its intent to acquire OpsRamp, an IT operations management (ITOM) companies, for an undisclosed amount as it aims to improve its GreenLake capabilities.ITOM software application and services are used to manage enterprise IT– keeping an eye on capacity, performance and schedule of infrastructure in addition to computing, networking, and application resources.San Jose-headquartered OpsRamp, which was founded in 2014 by Raju Chekuri and Varma Kunaparaju, uses an AIOps platform that focuses on monitoring, automating and managing IT facilities, cloud resources, work and applications for hybrid and multicloud environments.”Incorporating OpsRamp’s hybrid digital operations management
service with the HPE GreenLake edge-to-cloud platform– and supporting it with HPE services– will lower the operational complexity of multi-vendor and multi-cloud IT environments that are in the general public cloud, colocations, and on-premises,” the companies stated in a joint statement. HPE’s acquisition assumes significance as the ITOM market grows due to the increasing intricacy of IT environments as enterprises adopt public and personal clouds, edge computing facilities, and big databases for artificial intelligence. The ITOM market, according to analyst firm Gartner, is expected to reach$61.79billion by 2026. According to an IDC study on adoption of multicloud adoption, 64 %of polled business said they utilize numerous cloud companies, thus making the capability to handle their IT operations sprawl throughout heterogeneous cloud environments challenging.”Customers today are managing numerous different cloud environments, with various IT functional models and tools, which drastically increases the cost and complexity of digital operations management,”stated Fidelma Russo, HPE’s chief technology officer, in a pressrelease. HPE has actually been on an acquisition spree in the last couple of months. In January, it obtained security services firm Axis and Pachyderm– a business that offers software based upon open-source innovation to automate reproducible machine discovering pipelines that target massive AI applications. In February, the company got private cellular innovation company Athonet.
OpsRamp, which was one of Hewlett Packard Pathfinder’s equity capital financial investments in 2020, has actually raised$57.5 million in financial investment to date. Other lead financiers in the company include Sapphire Ventures and Morgan Stanley Expansion Capital.The acquisition is expected to close by July. Copyright © 2023 IDG Communications
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