IBM has agreed to acquire Instana, an application performance monitoring company, as part of its hybrid cloud strategy.
The acquisition will help businesses better manage the complexity of modern applications that span the hybrid cloud landscape.
Instana is headquartered in Chicago and has a development centre in Germany. Mirko Novakovic is the founder and CEO of Instana.
Instana has raised a $30 million Series C funding round in September 2018. The VC funding round was led by Meritech Capital, with participation from existing investor Accel. This brings Instana’s total funding to $57 million.
Customers of Instana include Audi, Edmunds.com, Yahoo Japan and Franklin American Mortgage, among others.
IBM will help companies overcome the challenge of managing application performance across multiple teams, and across two to 15 clouds, on average. IBM said the acquisition will also help it strengthen its AI-powered automation capabilities.
“Our clients today are faced with managing a complex technology landscape filled with mission-critical applications and data that are running across a variety of hybrid cloud environments — from public clouds, private clouds and on-premises,” Rob Thomas, senior vice president, Cloud and Data Platform, IBM, said.
Instana provides businesses with capabilities to manage the performance of complex and modern cloud-native applications no matter where they reside — on mobile devices, public and private clouds and on-premises.
Instana will offer both SaaS (software-as-a-service) and on-premises solutions depending on the client’s needs.