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New Relic Advances AIOps Strategy with Acquisition of SignifAI.

M2 EQUITYBITES-February 11, 2019-New Relic Advances AIOps Strategy with Acquisition of SignifAI

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11 February 2019 - US-based New Relic, Inc. (NYSE: NEWR), a provider of real-time insights for software-driven businesses, has acquired Israeli event intelligence company SignifAI, New Relic said.

SignifAI specialises in artificial intelligence and machine learning.

New Relic intends to bring SignifAI's technology to market, offering modern software teams advanced technology to predict and address performance issues, so they can deliver exceptional customer experiences.

SignifAI's open data platform integrates with modern DevOps solutions to provide richer insight to software teams so they can detect issues early, reduce alert noise, and deliver highly available and reliable software at scale.

The terms of the deal were not disclosed.

Founded in 2016, SignifAI was started by a team of technologists who wanted to solve for the alert noise and fatigue that they faced in previous technical roles.

With deep background and expertise in site reliability engineering, the team has been dedicated to using intelligence to drive operations excellence. The SignifAI team will continue to work from offices in Sunnyvale, California and Tel Aviv, Israel.

New Relic said its cloud platform makes every aspect of modern software and infrastructure observable, so companies can find and fix problems faster, build high-performing DevOps teams, and speed up transformation projects.

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Date:Feb 11, 2019
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