LogicMonitor is buying Catchpoint, a developer of internet performance and user experience monitoring tools, for more than $250 million.
Observability platform developer LogicMonitor has completed its acquisition of Catchpoint and has begun integrating Catchpoint’s technology in a move to create an observability platform that covers IT infrastructure, the internet and user experiences.
LogicMonitor, which is backed by private equity company Vista Equity Partners, is paying more than $250 million in cash to buy New York-based Catchpoint.
The combination of LogicMonitor’s deep IT infrastructure observability capabilities and AI expertise with Catchpoint’s internet performance and digital experience monitoring technology will create a platform that “delivers predictive visibility and control across cloud, code and the Internet itself,” LogicMonitor said in the acquisition announcement.
[Related: LogicMonitor Boosts Its Observability Platform With New AI Capabilities]
The acquisition, LogicMonitor’s largest to date, comes at a time when businesses and organizations are building out sprawling IT estates, including data centers and cloud-based systems, to handle growing AI workloads.
“This is a defining moment for LogicMonitor and for enterprise technology,” said LogicMonitor CEO Christina Kosmowski (pictured) in a statement. “Until now, IT teams have been juggling point tools that promise insight but deliver noise. That ends today. Together with Catchpoint we are giving customers the power to predict issues, prevent downtime, and finally make their systems as smart as the people who run them.”
LogicMonitor, headquartered in Santa Barbara, Calif., markets a cloud-based observability platform that provides automated IT infrastructure monitoring and analytics for hybrid IT environments. The system gives IT teams visibility into the performance of servers, networks, applications and cloud computing resources, helping them proactively identify and resolve issues, optimize performance, and improve IT management efficiency.
Catchpoint develops an internet performance monitoring system that tracks the performance of an organization’s websites, web applications and services, and the user experience of both employees and external customers.
Once the two systems are fully integrated, Catchpoint’s global performance data will feed directly into Edwin AI, the intelligent engine at the core of the LogicMonitor platform.
The combination of the two will create a “comprehensive observability platform for the AI era” that can predict incidents and automate fixes, providing “a unified control plane for mission-critical AI workloads,” LogicMonitor said.
“Catchpoint was founded to make the Internet better for everyone,” said Mehdi Daoudi, Catchpoint CEO and co-founder, in a statement. “We have helped teams detect issues faster, reduce MTTR [mean time to repair], and protect billions of sessions. Now, as part of LogicMonitor, we can do it on a global scale and redefine what performance means in the AI era.”
