LogicMonitor acquired Dexda, a big data and machine learning predictive fault identification company.
The acquisition contributes to LogicMonitor’s vision of establishing a global AIOps (Artificial Intelligence for IT Operations) Center 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 analyzed 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,” said 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.”
Dexda was founded in 2017 and is based in London. The company combines the power of big data and ML to deliver alarm management, AIOps capabilities and intelligent predictive fault detection for technology assets. Dexda’s unique cloud-based solution automates the complex process of predicting and preventing costly asset failures before they occur. Dexda’s disruptive technology finds and manages incidents quickly, linking seamlessly with service desks to provide IT operators and engineers with critical information.
“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,” said 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 in February 2021. The terms of the Dexda transaction will not be disclosed.
The Latest
The use of hybrid multicloud models is forecasted to double over the next one to three years as IT decision makers are facing new pressures to modernize IT infrastructures because of drivers like AI, security, and sustainability, according to the Enterprise Cloud Index (ECI) report from Nutanix ...
Over the last 20 years Digital Employee Experience has become a necessity for companies committed to digital transformation and improving IT experiences. In fact, by 2025, more than 50% of IT organizations will use digital employee experience to prioritize and measure digital initiative success ...
While most companies are now deploying cloud-based technologies, the 2024 Secure Cloud Networking Field Report from Aviatrix found that there is a silent struggle to maximize value from those investments. Many of the challenges organizations have faced over the past several years have evolved, but continue today ...
In our latest research, Cisco's The App Attention Index 2023: Beware the Application Generation, 62% of consumers report their expectations for digital experiences are far higher than they were two years ago, and 64% state they are less forgiving of poor digital services than they were just 12 months ago ...
In MEAN TIME TO INSIGHT Episode 5, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at EMA discusses the network source of truth ...
A vast majority (89%) of organizations have rapidly expanded their technology in the past few years and three quarters (76%) say it's brought with it increased "chaos" that they have to manage, according to Situation Report 2024: Managing Technology Chaos from Software AG ...
In 2024 the number one challenge facing IT teams is a lack of skilled workers, and many are turning to automation as an answer, according to IT Trends: 2024 Industry Report ...
Organizations are continuing to embrace multicloud environments and cloud-native architectures to enable rapid transformation and deliver secure innovation. However, despite the speed, scale, and agility enabled by these modern cloud ecosystems, organizations are struggling to manage the explosion of data they create, according to The state of observability 2024: Overcoming complexity through AI-driven analytics and automation strategies, a report from Dynatrace ...
Organizations recognize the value of observability, but only 10% of them are actually practicing full observability of their applications and infrastructure. This is among the key findings from the recently completed Logz.io 2024 Observability Pulse Survey and Report ...
Businesses must adopt a comprehensive Internet Performance Monitoring (IPM) strategy, says Enterprise Management Associates (EMA), a leading IT analyst research firm. This strategy is crucial to bridge the significant observability gap within today's complex IT infrastructures. The recommendation is particularly timely, given that 99% of enterprises are expanding their use of the Internet as a primary connectivity conduit while facing challenges due to the inefficiency of multiple, disjointed monitoring tools, according to Modern Enterprises Must Boost Observability with Internet Performance Monitoring, a new report from EMA and Catchpoint ...
