LogicMonitor is extending its multi-cloud performance monitoring solution to include Google Cloud Platform. The solution already supports Amazon Web Services (AWS) and Microsoft Azure.
The move arrives as many companies are adopting a multi-cloud approach, storing their vital information with different providers. The approach can help to keep costs low, but it can cause problems when it comes to monitoring health, performance, usage, and spending throughout the various public cloud investments.
LogicMonitor appears well-funded to address multi-cloud management. In April 2018, Vista Equity Partners acquired a majority stake in the company. More recently, the company hired Datto veteran Mark Banfield to drive sales and partner engagements. (Vista also owns Datto, by the way.)
Despite the fact that multi-cloud management is a growing market segment, it still faces multiple challenges. According to research released last year by VMware and MIT Technology Review Custom, many companies said multi-cloud management involves careful planning and the right mix of talent to be effective. For example:
- More than half of the companies surveyed at the time cited technical challenges and the demand for new skills and staff as unexpected;
- integrating legacy systems created a challenge for 61 percent of respondents;
- understanding the new technology was a hindrance for 61 percent; and
- companies also noted the difficulty in migrating and managing data from one cloud to another and ensuring all data is switched over without data loss.
In addition to those challenges, the multi-cloud management market is filled with potential rivals. For instance:
- Spotinst, whose Elastigroup platform allows businesses to purchase and manage cloud infrastructure space, recently raised $35 million in Series B funding;
- VMware recently acquired CloudHealth for a reported $500 million; and
- companies like Morpheus Data and HP Enterprise OneSphere recently bolstered their own multi-cloud management platforms.