OpsRamp's acquisition by Hewlett Packard Enterprise
OpsRamp, a leading digital operations management platform that offers artificial intelligence for IT operations (AIOps) and hybrid cloud infrastructure monitoring, has been acquired by Hewlett Packard Enterprise (HPE). The acquisition is aimed at expanding HPE's offerings for managing hybrid and multi-cloud environments.
OpsRamp is designed to help IT teams manage digital infrastructure and applications across hybrid and multi-cloud environments from a single console. Its monitoring, management, and automation capabilities help organisations improve their IT operations efficiency, reduce costs, and enhance service delivery.
The acquisition will allow HPE to integrate OpsRamp's AIOps capabilities with its own software-defined infrastructure offerings, offering customers an end-to-end hybrid cloud management solution. This move will help HPE to compete more effectively against other hybrid cloud management vendors, such as VMware and Cisco.
The acquisition also strengthens HPE's presence in the hybrid cloud management market, which is projected to grow rapidly in the coming years. According to a report by MarketsandMarkets, the hybrid cloud management market is expected to grow from $3.3 billion in 2020 to $12.6 billion by 2025, at a compound annual growth rate (CAGR) of 30.8% during the forecast period.
"The acquisition of OpsRamp strengthens our ability to help customers accelerate their digital transformations by providing them with a unified view of their IT environments across on-premises, multi-cloud, and edge deployments," said Antonio Neri, President and CEO of HPE.
OpsRamp's cloud-native platform complements HPE's existing offerings, including its HPE GreenLake cloud services, which enable customers to operate a range of cloud services from their own data centres. The acquisition will also enable HPE to extend its reach into the mid-market, where OpsRamp has a strong presence.
"We're excited to join forces with HPE to help customers accelerate their digital transformations," said Varma Kunaparaju, CEO of OpsRamp. "Our combined capabilities will enable customers to better manage and optimise their IT operations across hybrid and multi-cloud environments."
OpsRamp's acquisition is the latest move in HPE's ongoing efforts to strengthen its hybrid cloud management capabilities. In November 2020, HPE acquired cloud consulting firm Cloud Technology Partners (CTP) to enhance its cloud consulting services. In December 2020, HPE announced the acquisition of SD-WAN vendor Silver Peak, which will be integrated into its Aruba Networks unit.
Overall, HPE's acquisition of OpsRamp will enable the company to provide customers with a comprehensive hybrid cloud management solution, making it easier for them to manage and optimise their IT operations. The move also strengthens HPE's position in the rapidly growing hybrid cloud management market.