Idera Acquires Uptime Software; Expands Server, Application and Network Monitoring and Adds Deep SLA Management and Capacity Planning to Its Portfolio
Company Strengthens Position in Server and Infrastructure Monitoring
HOUSTON, TX – November 11, 2014 – Idera, a leading provider of application and server management solutions, today announced the acquisition of Uptime Software Inc., a leading provider of IT systems monitoring solutions. The acquisition of Uptime will accelerate Idera’s expansion into Application Performance Monitoring and IT Operations Management.
Earlier this year, a report by the global IT research firm, 451 Research, positioned Uptime as a “strong alternative to the Big Four IT management vendors for companies wanting comprehensive and unified performance monitoring.” Idera’s commitment to rapid product advancement focused on ease of use will extend this advantage and offer a robust, low-cost solution to customers exploring ways to ease the cost and overhead burden of competing solutions.
“Uptime has built a lightweight, easy-to-use server and infrastructure monitoring tool with best-in-class reporting for Service Level Agreement management and capacity planning,” said Josh Stephens, vice president of product strategy at Idera. “Uptime is well-architected and ready for expansion into other areas of IT performance monitoring, including deeper application monitoring, cloud monitoring, and integration with Idera’s award-winning database performance monitoring products. The combined technology will give our customers an unprecedented level of easy-to-use, low cost, end-to-end IT performance monitoring.”
"We are delighted to add Uptime to the Idera family of world-class monitoring products,” said Randy Jacops, CEO at Idera. “Uptime's founders focused on building high-velocity, easy-to-use products. Idera will maintain the features and innovations valued by Uptime customers, while leveraging our resources to continue to be the most user-friendly, scalable APM monitoring solution on the market. The Uptime acquisition affirms our mission to innovate organically and through rapid acquisitions."
Idera’s top priority will be accelerating and expanding Uptime’s existing product strategy. Idera’s product leadership team will work with Uptime customers and developers to identify the highest value solutions to ensure a robust and valuable customer proposition. The new product team expects to communicate the enhanced plan within 45 days, with first product releases in early 2015.
The acquisition of Uptime marks the third purchase by Idera in the last 16 months, including Precise Software, an application performance management company, and CopperEgg, a SaaS-delivered cloud server and application monitoring company. Idera will continue a strategy of thoughtful acquisitions combined with organic investment to quickly expand its IT management product portfolio.
Idera used SignalHill as its buy-side advisor and Horzepa, Spiegal Associates PC as legal advisors. Arbor Advisors acted as the exclusive advisor to Uptime in the transaction.
Idera is a leading provider of application and server management solutions. The company provides a wide variety of application performance management products including the Idera line of SQL Server management tools, the Precise line of end-to-end application performance management products, and the CopperEgg line of SaaS-based cloud server and application monitoring solution. Headquartered in Houston, Texas, Idera is a Microsoft Managed Partner and has more than 13,000 customers worldwide. Contact Idera at +1-713-523-4433 or visit www.idera.com for free trials, free tools and more information.
Founded in 2001 with headquarters in Toronto, Uptime software Inc. is the creator of up.time, an all-in-one IT systems monitoring suite downloaded by over 140,000 IT professionals in enterprise companies to increase IT performance, maximize staff productivity, and develop more proactive IT management while saving IT resources and budget.