Download
1 / 2
20 likes | 20 Views
Growth financing. <br> Company's ongoing innovation in the AIOps market and further expand ScienceLogic's position over the $30 billion IT Operations Management software market.<br>Companies across the globe are adopting Cloud strategies and tools over amid the COVID-19 pandemic, with massive demand for digital services and scalability.<br>We believe ScienceLogic is poised to Meet that requirement as organizations search for hybrid-cloud toolsets from trusted partners to safely exploit business agility, cost savings and invention.<br><br>"More than ever, IT Operations<br><br> Management has taken root as a front-office priority behind mission-critical digital experiences that define how we live, work and play.<br>"As large businesses shift workloads to The cloud whilst managing on-prem tools, new tools are paramount to provide service visibility and quicker incident resolutions improved by advanced AI/ML technologies," explained Dave Link, Founder & CEO of ScienceLogic.<br>"What we're witnessing is a significant Investment cycle from legacy monitoring tools and toward AIOps platforms."<br>The financing is intended to accelerate ScienceLogic's product development and engineering direction, supporting the organization's wider expansion plans and the reach of its flagship SL1 digital infrastructure tracking platform.<br>Funds are anticipated to be allocated Toward recruitment efforts and product investments aimed at cloud-native technologies including microservices and container options, AI/machine learning, and hybrid operations that transform digital experiences and enhance security.<br>"The ScienceLogic team has built a Top platform to monitor mission-critical infrastructure and applications and is in the middle of a number of the greatest, most complex IT environments at the forefront of electronic transformation," said Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman.<br>"Dave Link and the leadership group have A long history of building value and trust with customers and we look forward to partnering with the team and helping drive additional adoption."<br>Some of the biggest global enterprises, National agencies and managed service providers anticipate ScienceLogic's modern system to ensure accessibility to the software and business operations round hybrid-cloud and multi-cloud deployments.<br> IT operations teams ingest hyperscale data quantity in real time across disparate hybrid-cloud architectures, while its patented discovery and automation technologies improves agility, accelerates incident response and drives productivity by strengthening application health, resolution time and user experience.<br>The financing news comes after a recent Announcement from the company to expand its product development, engineering and sales and marketing staff. <br> That further cement the company's forward momentum.
E N D
ScienceLogic announced it has raised $105 million in Growth financing. Silver Lake Waterman directed the Business's Series E round with participation from existing investors Goldman Sachs, Intel Capital and NewView Capital. Firm's ongoing innovation in the AIOps market and further broaden ScienceLogic's position within the 30 + billion IT Operations Management software marketplace. Companies Throughout the World are adopting Cloud strategies and tools over ever amid the COVID-19 pandemic, with huge demand for digital services and scalability. We believe ScienceLogic is poised to Meet that demand as organizations look for hybrid-cloud toolsets from reputable partners to securely harness business agility, cost savings and invention. "More than ever, IT Operations Management has taken root as a front-office priority behind mission-critical digital experiences that define how we live, work and play. "As large enterprises shift workloads to The cloud whilst handling on-prem tools, new resources are overriding more info to provide service visibility and faster incident resolutions made better by innovative AI/ML technology," explained Dave Link, Founder & CEO of ScienceLogic. "What we're witnessing is a major Investment cycle away from legacy tracking programs and toward AIOps platforms" The funding is intended to accelerate ScienceLogic's product development and technology leadership, encouraging the organization's wider expansion plans and the reach of its flagship SL1 digital infrastructure monitoring platform. Funds are expected to be allocated Toward recruitment efforts and product investments directed toward cloud- native technologies such as microservices and container solutions, AI/machine learning, and hybrid operations that transform digital experiences and enhance security. "The ScienceLogic group has built a Leading platform to track mission-critical infrastructure and applications and is in the center of a number of the greatest, most complex IT environments in the forefront of electronic transformation," explained Shawn O'Neill, Managing Director and Group Head of Silver Lake Waterman. "Dave Link along with the leadership team have A very long track record of building value and trust with clients and we look forward to partnering with the team and helping drive further adoption." Some of the largest global enterprises, National agencies and managed service providers trust ScienceLogic's modern system to ensure accessibility to the applications and business operations round hybrid-cloud and multi- cloud deployments. The scalable SL1 monitoring platform helps IT operations groups ingest hyperscale data volume in real time throughout disparate hybrid-cloud architectures, while its patented discovery and automation technologies improves agility, hastens incident response and compels productivity by strengthening application health, resolution time and consumer expertise. The funding news comes following a recent
Also was recently emphasized by the Forrester Wave, which included ScienceLogic as one of only three companies emphasized as AIOps Leaders -- honors That further cement the business's forward momentum.
