ServiceNow Buys Data Management Startup
ServiceNow, a company of digital workflow administration methods, is acquiring Belgian startup Sweagle to help customers keep their application up and managing.
Sweagle is a pioneer in IT configuration administration automation, using machine discovering to recognize and help avert most likely high-priced application configuration glitches.
Companies usually have to navigate fifty,000 or far more configuration knowledge objects to make a one company software work correctly, ServiceNow said in saying Monday it would obtain Sweagle for an undisclosed total.
“With Sweagle, ServiceNow customers can promptly deploy apps and infrastructure as code variations far more usually on a one knowledge platform,” it additional.
As TechCrunch reviews, “With far more corporations relocating employees house, making guaranteed your techniques are up and managing has turn into far more significant than ever. ServiceNow, which incorporates in its item catalog an IT help desk part, acknowledges that help desks have been bombarded in the course of the [coronavirus] pandemic.”
Configuration problems can bring about shutdowns, protection troubles, and other severe issues for enterprises.
“With abilities for configuration knowledge administration from Sweagle, we will empower devops teams to deliver software and infrastructure variations far more fast though cutting down chance,” said RJ Jainendra, ServiceNow’s vice president and standard manager of DevOps and IT Small business Management.
Sweagle was founded in 2017 and elevated $four.05 million on a submit-valuation of $eleven.88 million, in accordance to PitchBook knowledge. “Today, configuration knowledge is as significant as acquiring superior code — and this is the foundation that Sweagle was created on,” Sweagle CEO and co-founder Mark Verstockt said.
“Every day some thing goes improper in a corporation associated to poor configuration knowledge,” he additional. “Together, we can help customers deliver larger-high-quality apps without the require for manual work, all though cutting down charge.”
ServiceNow joins a selection of larger sized corporations that have been obtaining startups in the course of the pandemic, which includes VMware, Atlassian, and NetApp, which have acquired Ocatarine, Halp, and Location, respectively, in recent months.
In buying and selling Monday, ServiceNow shares rose .3% to $401. The inventory has climbed far more than 57% due to the fact the pandemic compelled quite a few corporations to have personnel work from house.
