This is technology M&A deal number 75 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
HPE Acquires OpsRamp
OpsRamp, founded in 2014, is based in San Jose, California. The company has 344 employees listed on LinkedIn. OpsRamp’s areas of expertise include IT Operations, Hybrid Management, Incident Management, Root-Cause Analysis, SaaS, Cloud Management, DevOps, Availability and Performance, Proactive Care, Automation, Remote Control and Compliance, AIOps, Observability, Kubernetes, and Hyperautomation.
OpsRamp is an IT operations management (ITOM) company that monitors, observes, automates, and managed IT infrastructure, cloud resources, workloads, and applications for hybrid and multi-cloud environments. Gartner estimates the ITOM sector to be worth around $39 billion. OpsRamp was part of Hewlett-Packard Pathfinder’s venture capital investment in 2020.
HPE says it will integrate OpsRamp’s hybrid digital operations management solution with its own HPE GreenLake edge-to-cloud platform. HPE GreenLake platform provides customers and partners with a unified hybrid cloud experience and easy access to cloud services, the company said.
HPE To Acquires OpsRamp: Executive Commentary
Fidelma Russo, CTO, Hewlett Packard Enterprise, commented:
“Customers today are managing several different cloud environments, with different IT operational models and tools, which dramatically increases the cost and complexity of digital operations management. The combination of OpsRamp and HPE will remove these barriers by providing customers with an integrated edge-to-cloud platform that can more effectively manage and transform multi-vendor and multi-cloud IT estates. This acquisition advances HPE hybrid cloud leadership and expands the reach of the HPE GreenLake platform into IT Operations Management.”
Varma Kunaparaju, CEO, OpsRamp, said:
“The integration of OpsRamp’s hybrid digital operations management solution with the HPE GreenLake platform will provide an unmatched offering for organizations seeking to innovate and thrive in a complex, multi-cloud world. Partners and the channel will also play a pivotal role to advance their as-a-service offerings, as enterprises look for a unified approach to better manage their operations from the edge to the cloud. We look forward to leveraging the scale and reach of HPE’s global go-to-market engine to deliver our unique offering and are excited for this journey ahead as part of HPE.”