Xenon Partners Announces Acquisition of Scout APM
Summary
The Application Performance Management market is estimated to total $5.5 billion by 2022 according to Gartner. APM software tracks and observes software and web application performance metrics that enable developers to better anticipate and efficiently resolve application performance issues. Scout APM products determine baseline performance metrics and offer users a graphical interface which visualizes these metrics for a complete, big-picture view of their software’s performance. “We have found in Scout a great product and scalable technology that was previously not well known in the APM user community--we now have an opportunity to change that.” Multiple trends have contributed to the growth of the APM market in recent years, such as an increased reliance on big data analytics while companies focus more heavily on automation at a time when cloud computing and storage are becoming increasingly popular. The acquisition of Scout APM represents Xenon Partners’ most recent strategic investment, adding to a portfolio of eight current companies.
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