LogicMonitor, a confidential leader

LogicMonitor, a leading SaaS-based hybrid IT performance monitoring platform - wow it's a bit long - delivered a very comprehensive session during the recent IT Press Tour in San Francisco.

Founded in 2008 with $142.9M of total capital raised so far, today with 250+ employees and 1500+ customers, the company, based in Santa Barbara, CA, got acquired by the private equity firm Vista Equity Partners last April. Vista had injected $130M in June 2016 to finally bought a majority stake later.

The IT is under a deep mutation for a few decades and cloud recently really shakes classic IT approaches with tons of hybrid deployments.

Performance monitoring is not new and it exists many players with big names such IBM, BMC, CA or SolarWinds, ScienceLogic and SaaS ones like Datadog.

LogicMonitor product is agent-less and provides 1200+ validated templates to accelerate adoption. It supports various workflows like Terraform, ServiceNow, Puppet, Ansible, HiChat, Slack or PagerDuty. Established for many years, LogicMonitor customers roster is impressive with famous names coming from various verticals like Adidas, Kayak, Netflix, Paypal, Airbnb, Etrade, Booking or Jetblue.

International expansion is a priority and Daniela Streng was just recruited as EMEA managing director to continue the market penetration. She came from Datto, an other Vista company, where she was sales director.

LM Cloud is the company answer to the cloud adoption with AWS and Azure with 3 core functions: resource performance, cloud provider health and cost optimization. It helps to monitor and be alerted for service limit capacity, scheduled maintenance and service availability. For cost, it provides visibility where subscriptions can be cut with spent thresholds alerts and predictions for future spend based on historical data. Infor uses LM Cloud on AWS to monitor 85,000 resources.

We heard that something will be announced soon for LM Cloud a key strategic initiative for future growth.