That was quick. Less than three months after announcing a $5.2 million Series A funding round from Google Ventures and other investors, application performance management software company Tracelytics has been acquired by cloud-based network performance management solutions provider AppNeta.
For a large part, this deal happened because both companies have a mutual investor in Bain Capital Ventures. Both Tracelytics and AppNeta, as well as the VC firm, are also conveniently based in Boston.
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Here’s the pitch for the deal, from the press release:
This acquisition will create the first company in the performance market that can cover the entire performance of a business’s systems, from the application all the way to the end user, including on the wire.
Long-term, we will probably remain a separate product but bring a lot of our application insights and features into the AppNeta product so that enterprise organizations can better understand their application’s performance.
Financial terms of the acquisition were not disclosed.
Tracelytics, an alum of startup accelerator Betaspring, provides on-demand application performance management (APM) software and aims to help customers gain insights into the performance of their Web applications across the entire stack.
Its application performance management software-as-a-service suite made its public debut in November 2011.
Since its initial seed funding in early 2011, Tracelytics has added support for PHP, Python and Ruby (in addition to Red Hat, Debian, Ubuntu, CentOS and Linux Mint), and executed over 500 million ‘traces’ for clients to date.
Founded in 2009, the firm is led by CEO John Vigeant, formerly of Novell, Citrix Systems and CloudBees. Tracelytics’s three co-founders are Amie Street vets Spiros Eliopoulos (CTO) and Dan Kuebrich (“Product Dude”), and Chris Erway.