Bangalore: Enterprise tech giant HPE will acquire OpsRamp, a San Jose, California-based IT operations management (ITOM) company for an undisclosed sum. HPE has signed a definitive pact to acquire OpsRamp, the company said in a statement on Monday.
As an ITOM company, OpsRamp focuses on IT operations management functions. It monitors, observes, automates and manages IT infrastructure, cloud resources, workloads and applications for hybrid and multi-cloud environments, including the leading hyperscalers.
Interestingly, prior to the decision to acquire OpsRamp, HPE Pathfinder – the venture capital arm of HPE was one of the investors in OpsRamp along with Sapphire Ventures and Morgan Stanley Investments’ private investment arm Morgan Stanley Expansion Capital in 2020.
With this acquisition, HPE plans to add OpsRamp’s IT operation management capabilities to its GreenLake edge-to-cloud platform and offer a unified approach to customers in terms of managing multi-vendor computing, networking, storage, and application resources in hybrid and multi-cloud IT environments.
HPE said OpsRamp’s technology will be integrated with GreenLake platform, available standalone as-a-service, and embedded within HPE’s compute, storage, and networking solutions.
OpsRamp’s hybrid digital operations management solution and HPE GreenLake edge-to-cloud platform will be integrated and will get support from HPE services. This integration, according to HPE will reduce the operational complexity of multi-vendor and multi-cloud IT environments that are in the public cloud, colocations, and on-premises.
On the other HPE will also leverage OpsRamp’s technology that delivers discovery, monitoring, automation, and event resolution with artificial intelligence for IT operations (AIOps), providing the customers’ end-to-end visibility, observability, and control across hybrid and multi-cloud IT environments.
HPE is eyeing a major share of the ITOM market, which Gartner estimates to be around $39 billion market. According to IDC trends report, as many as 64% of enterprises use multiple cloud providers, which requires the key ability to manage the IT operations sprawl across heterogeneous cloud environments.
“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,” said Fidelma Russo, CTO of HPE.
“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,” added Russo.
“The integration of OpsRamp’s hybrid digital operations management solution with the HPE GreenLake platform will provide an unmatched offering for organisations seeking to innovate and thrive in a complex, multi-cloud world,” said Varma Kunaparaju, CEO of OpsRamp.
“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,” added Kunaparaju,
“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.”
Today, HPE GreenLake has over 65,000 customers, powers more than two million connected devices and manages more than one exabyte of data with customers worldwide. The company expect the transaction to get close in the third quarter of the HPE 2023 fiscal year, subject to regulatory approvals and other customary closing conditions.