Software Growth Partners’ portfolio company, Netreo, recently announced its acquisition of Stackify, a developer-centric provider of SaaS application performance monitoring (APM) solutions. The transaction marks the second acquisition in nine months for Netreo, which also acquired Chicago-based cloud infrastructure monitoring company CloudMonix in June 2020.
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“Since our original investment in 2018, Netreo has grown rapidly as provider of AIOps-driven monitoring solutions for critical and complex IT infrastructures,” said Sumit Garg, Managing Partner at Software Growth Partners. “We are delighted to have supported Netreo in this acquisition. Stackify brings some unique Application Performance Monitoring capabilities that will enable the joint customers to now have best-in-class end-to-end observability solution. Both Netreo and Stackify have similar organizational cultures centered around innovation, customer excellence and simplicity, that make it even more compelling.”
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“The acceleration of digital transformation and the rise of remote work this past year have made it even more critical for business and technology leaders to have actionable insights on the quality of internal and external digital customer experiences – more intelligently, efficiently and securely,” said Jasmin Young, CEO at Netreo. “The combined capabilities of Netreo and Stackify will enable developers, DevOps, IT and business leaders to have AIOps-driven end-to-end observability and rapid incident resolution for their cloud and on-premises IT infrastructure. We are delighted to welcome the Stackify team and community to the Netreo family.”
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