• Office Hours : 08:00 - 17:30

HPE acquires IT operations management startup OpsRamp

HPE has struck an agreement to acquire AIOps-powered IT operations management (ITOM) startup OpsRamp.

Headquartered in San Jose, California, OpsRamp’s SaaS platform provides discovery, monitoring, automation, and event resolution for hybrid and multi-cloud environments using AIOps.

The tech giant says it will integrate the offering into its GreenLake edge-to-cloud platform to help customers and partners reduce their operational complexity and remediate incidents faster through a single, unified solution. 

“Customers today are managing several different cloud environments, with different IT operational models and tools, which dramatically increases the cost and complexity of digital operations management,” said Fidelma Russo, CTO at HPE. 

“The combination of OpsRamp and HPE will remove these barriers by providing customers with an integrated edge-to-cloud platform that can more effectively manage and transform multi-vendor and multi-cloud IT estates. This acquisition advances HPE hybrid cloud leadership and expands the reach of the HPE GreenLake platform into IT operations management.”

HPE’s relationship with OpsRamp dates back to 2020, investing in the California startup through its Pathfinder scheme. Now, with its acquisition, HPE is making a firm play for the ITOM market, which Gartner estimates to be worth approximately $39 billion. 

For GreenLake, OpsRamp adds end-to-end visibility, observability, and control across hybrid and multi-cloud IT environments. Its capabilities span multi-vendor computing, networking, and storage, along with cloud resources, containers, virtual machines, and applications. 

Essentially, the addition will provide end-to-end support, complete with predictive insights and proactive automation. That includes the consolidation of multi-vendor tools, streamlining of manual processes with AIOps, and improved incident remediation with monitoring and observability.

The company says this will enable improved management of these cloud environments, reduced operating expenses, as well as a better overall IT experience for users.

OpsRamp will also be available standalone, as a service, as well as embedded within HPE’s compute, storage, and networking solutions.

“The integration of OpsRamp’s hybrid digital operations management solution with the HPE GreenLake platform will provide an unmatched offering for organisations seeking to innovate and thrive in a complex, multi-cloud world,” said Varma Kunaparaju, CEO at OpsRamp. 

“Partners and the channel will also play a pivotal role to advance their as-a-service-offerings, as enterprises look for a unified approach to better manage their operations from the edge to the cloud.”

He added: “We look forward to leveraging the scale and reach of HPE’s global go-to-market engine to deliver our unique offering and are excited for this journey ahead as part of HPE.”

The transaction is expected to close during Q3 2023, subject to the usual regulatory approvals and closing conditions. The terms of the deal were not disclosed. 

Featured Resources

IT best practices for accelerating the journey to carbon neutrality

Considerations and pragmatic solutions for IT executives driving sustainable IT

Free Download

The Total Economic Impact™ of IBM Spectrum Virtualize

Cost savings and business benefits enabled by storage built with IBMSpectrum Virtualize

Free download

Using application migration and modernisation to supercharge business agility and resiliency

Modernisation can propel your digital transformation to the next generation

Free Download

The strategic CFO

Why finance transformation propels business value

Free Download

See the original article here: ITPro