Application Monitoring Firm Instana Makes Trio of Acquisitions
German-American application monitoring company Instana has completed a hat trick of acquisitions, buying up two companies and the technology assets of a third. Terms of the deal were not disclosed.
The three deals consist of BeeInstant Ltd, which provides a real-time back end for customized metrics; StackImpact, a production-grade profiler; as well as JINSPIRED’s Signify technology, a tool used to analyze the health of microservices. The latter will be integrated into Instana’s APM solution for microservice applications, the company said.
The bundle of deals will be used to augment Instana’s microservices and performance management solution, the company said.
Mirko Novakovic, co-founder and CEO of Instana, commented on the deals:
“The addition and integration of StackImpact, BeeInstant and Signify into our APM platform allows Instana to build upon our leadership in providing automated application insights to the broadest set of application stakeholders, including developers, DevOps, SRE, IT Ops, and Service delivery teams.”
Founded in 2015 in Solingen, Germany, Instana also has operations in Chicago and San Francisco, and more than 150 employees throughout its offices. The company provides a monitoring platform specifically geared toward applications built on top of software containers.
Enterprises have adopted containers at an increasing rate as the industry has begun to see the technology as a way to rapidly improve software development cycle time. While containers make it easier to roll out software updates, they can make it difficult to understand the underlying components. Instana’s monitoring platform was built to fix this problem.
Investors have taken notice. In December 2017, Instana raised a $20 million Series B investment led by Accel, with participation from existing investor Target Partners. In September 2018, the firm’s Series C round raised $30 million led by early Facebook investor Meritech Capital, bringing the company’s total funding to $57 million.
At the time, Instana said the funding would be used to expand its product line and meet demand in global markets. Issues that this triumvirate of deals will likely begin to address.