IBM acquires APM startup Instana to nurture hybrid cloud vision

IBM has acquired Instana, a multi-cloud application performance monitoring software platform that supports Amazon Web Services, Google Cloud Platform, Microsoft Azure and more. Financial terms were not disclosed. This potentially positions IBM to compete more aggressively against Cisco AppDynamics, and other APM software providers. Chicago based Instana was founded in 2015 and so far it has raised $57 mn, the most recent round being Series C in 2018.

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