News & Views
LogicMonitor buys Dexta
Cloud-based infrastructure monitoring and observability platform for enterprises and managed service providers, LogicMonitor (www.logicmonitor.com) has acquired Dexda (www/dexda.io), a big data and machine learning predictive fault identification company.
The move completes LogicMonitor’s vision of establishing a global AIOps (Artificial Intelligence for IT Operations) Centre of Excellence and accelerates artificial intelligence (AI) and machine learning (ML) enhancements across LogicMonitor’s product portfolio.
“Today’s complex, hybrid IT environments create data at an exploding pace and scale that’s too vast to be analysed manually. Applying AI and ML to siloed infrastructure and application performance data – be it machine or services alerts or events – allows companies to automatically extract real-time insights to drive better business outcomes,” says Kevin McGibben, CEO of LogicMonitor. “Acquiring Dexda will further enhance LogicMonitor’s ability to generate automated, full-stack insights across the critical technologies modern companies depend on to deliver extraordinary employee and customer experiences.”
“At Dexda, our vision has always been to use AI and ML to transform asset data into insights that power business growth, and LogicMonitor absolutely shares this vision,” says Patrick O’Connor, CEO and founder of Dexda. “We’re excited to see the ways in which the Dexda team’s data science and AIOps expertise will further enhance LogicMonitor’s award-winning infrastructure monitoring and observability platform.”
The Dexda acquisition marks the second acquisition this year for LogicMonitor. The company also acquired Bay Area-based application error and performance monitoring company Airbrake (www.airbrake.io) in February 2021.