Virtual Instruments has bought Metricly, the developer of a cloud management tool, for an undisclosed sum.
The company sells Virtual Wisdom, an infrastructure performance monitoring application. With this acquisition, Virtual Instruments said it can deliver end-to-end application and infrastructure performance monitoring in hybrid multi-cloud environments.
Metricly works to bring performance, capacity, and public cloud cost analysis together. It learns the behaviour and workload patterns of a customer’s environment to optimise cloud resource utilisation, reduce cloud spending, and identify performance anomalies.
VI will integrate Metricly with VirtualWisdom. This will add more than 50 integrations for open source DevOps technologies covering databases, messaging platforms, microservices, and containers. There is support for cloud infrastructure services such as AWS Lambda, EC2, ECS, ASG, EMR, Microsoft Azure VMs, and Load Balancer.
The Metricly acquisition will make VI a stronger player. Where next? Competitor Dynatrace completed a $554m IPO earlier this month. Shares kicked off at $16 and are now trading at $23.60. Cue IPO thoughts in the VI boardroom?
Metricly’s roots lie in a company called Netuitive, founded in 2002 by CEO Bob Farzani as a predictive analytics company using machine learning and AI.
Metricly was set up around the rebranded Netuitive business in July 2017 by Farzani and colleagues. It has raised $11m in three tranches, including a $9m A-round in August 2018.
It has almost 100 customers and claims 100 per cent growth in recurring subscription revenue in 2018.