Dexda, an intelligent predictive fault management platform for physical assets, has been acquired by LogicMonitor, a private equity-owned IT infrastructure monitoring platform. The terms of the transaction were not disclosed. “At Dexda, our vision has always been to use AI and ML to transform asset data into insights that power business growth, and LogicMonitor absolutely shares this vision,” remarked Patrick O’Connor, CEO and Founder of Dexda. “We’re excited to see the ways in which the Dexda team’s data science and AIOps expertise will further enhance LogicMonitor’s award-winning infrastructure monitoring and observability platform.”
At Dexda, our vision has always been to use AI and ML to transform asset data into insights that power business growth, and LogicMonitor absolutely shares this vision,”, CEO and Founder of Dexda. We’re excited to see the ways in which the Dexda team’s data science and AIOps expertise will further enhance LogicMonitor’s award-winning infrastructure monitoring and observability platform. – Patrick O’Connor
Connor, a veteran in the IT service management space, founded Dexda in 2017. Dexda has built a focus on assisting critical infrastructure providers such as water utilities, rail operators, and power generation companies with its technology being used by Transport for London and The New York City MTA.
“Today’s complex, hybrid IT environments create data at an exploding pace and scale that’s too vast to be analyzed manually. Applying AI and ML to siloed infrastructure and application performance data — be it machine or services alerts or events — allows companies to automatically extract real-time insights to drive better business outcomes,” remarked Kevin McGibben, CEO of LogicMonitor. “Acquiring Dexda will further enhance LogicMonitor’s ability to generate automated, full-stack insights across the critical technologies modern companies depend on to deliver extraordinary employee and customer experiences.”
Today’s complex, hybrid IT environments create data at an exploding pace and scale that’s too vast to be analyzed manually. Applying AI and ML to siloed infrastructure and application performance data — be it machine or services alerts or events — allows companies to automatically extract real-time insights to drive better business outcomes. Acquiring Dexda will further enhance LogicMonitor’s ability to generate automated, full-stack insights across the critical technologies modern companies depend on to deliver extraordinary employee and customer experiences. – Kevin McGibben
