ITRS Group, which is backed by TA Associates, has acquired Uptrends, a monitoring platform software company. No financial terms were disclosed.
London, United Kingdom, November 2, 2020 – ITRS Group, the leading provider of real-time monitoring and analytics, has acquired Uptrends, the ultimate monitoring tool to stay in control of the uptime, performance and functionality of websites, APIs and servers, to address the needs of enterprise customers by providing greater scalability, APIs for controlling the software and its configuration, and enhanced visualisation of the data.
Guy Warren, CEO at ITRS, said: “With a combined experience of almost four decades, Uptrends has huge strength in synthetic and real user monitoring, while ITRS is serving some of the most demanding requirements of enterprise clients. This acquisition creates an opportunity to leverage expertise and offerings to benefit our customers.
“ITRS and Uptrends will continue to independently focus on their respective core markets while adding value to customers in areas such as capacity planning, network monitoring, log analysis and big data storage and analytics. This allows us to leverage our investment in R&D across a larger market and customer base.”
The purchase of Uptrends follows ITRS’ strategy to build, buy and partner to deliver smart, automated and predictive end-to-end monitoring solutions for increasingly complex IT estates across industries. This development follows the successful acquisitions of Sumerian and OP5.
Niels Brinkman, Uptrends CEO, added, “We are very excited to become part of the ITRS family and see this as a logical next step for continuing the growth of Uptrends.”
Uptrends will remain and operate as a separate brand and entity, fully owned by ITRS Group.
The financial terms have not been disclosed.
ITRS Group ensures operational resilience for enterprises going through the process of transforming their IT estate for a digital future and ensures the ongoing health of their on-premise, cloud-based or hybrid IT estate. By transforming the mass of raw data on performance, resource usage and cost, ITRS reassures enterprises that their IT estates are running performantly. ITRS solutions can detect and actively prevent problems and maximise cost efficiency. With experience of legacy technologies as well as the dynamic environment of cloud-delivery, agile development and service-based architecture, ITRS’s people and its software serve more than 800 enterprise clients across industry markets. As new disruptors, new technologies and new regulations continue to shape the marketplace and change the expectations of consumers, ITRS offers a best-in-class service and is a source of confidence for the always-on enterprise.
Uptrends is a fast-growing monitoring platform for companies of all sizes. Uptrends builds innovative software that helps its customers stay on top of their entire online presence. Uptrends is privately held and has maintained profitability since its inception in 2007.