ServiceNow has announced plans to acquire Lightstep, a VC-backed software monitoring and observability platform that launched back in 2017 and which claims big-name client such as GitHub, Twilio, Big Commerce, and Spotify.
The announcement comes amid a flurry of activity in the observability space, with IBM recently snapping up Instana; Datadog buying Sqreen and Timber; and New Relic and Dynatrace battling for dominance. Observability is chiefly concerned with deriving insights from raw data gleaned from sources such as logs, metrics, and traces, to help understand what may be impacting an applications performance.
ServiceNow, a workflow automation platform used by businesses such as American Express and Deloitte, said that Lightstep will help it deliver deep operational insights for enterprises, extending beyond developer operations (DevOps) to every team involved in these modern, digital businesses, Lightstep cofounder and CEO Ben Sigelman said in a press release.
Terms of the deal were not disclosed, but a ServiceNow spokesperson said that it represents one of its largest acquisitions to date. It expects the acquisition close in Q2, 2021.
VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.
Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more