Company:SevOne
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| Type | Private |
|---|---|
| Industry |
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| Founded | 2005 |
| Founders |
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| Headquarters | Boston, MA , |
Key people |
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Number of employees | 250+ |
| Parent | Turbonomic (2019-present) |
| Website | www.SevOne.com |
SevOne is a software company that was founded in 2005. It was named after the slang for the "severity one" performance problems network managers face.[1]
SevOne was acquired by Turbonomic in 2019. Then as part of Turbonomic, the SevOne product line was acquired in 2021 by IBM, and made available by IBM as IBM SevOne Network Performance Management (NPM).[citation needed]
IBM SevOne NPM provides monitoring and analytics for the digital infrastructure, including networks, servers, and cloud datacenters.[2]
History
The company was founded in 2005 by computer scientists from the University of Delaware who also served as network architects at leading financial institutions.[3]
In July 2007, venture capital firm Osage Ventures led a Series A Preferred placement in SevOne. In March 2009, Osage led a second round of financing in SevOne along with several private investors.[citation needed]
In January 2013, SevOne announced a $150 million investment from Bain Capital.[4]
In September 2015, SevOne announced a $50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures. Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners also participated in this round.[5]
In November 2019, SevOne was acquired by Turbonomic.[citation needed]
In April 2021, IBM announced it was acquiring Turbonomic, SevOne's parent company.[6]
References
- ↑ Dubie, Denise (10 June 2008). "Start-up SevOne tackles severe performance problems". Network World. http://www.networkworld.com/news/2008/061008-sevone-performance-problems.html.
- ↑ "SevOne Network Performance Monitoring". https://www.sevone.com/.
- ↑ SevOne - About Us
- ↑ "Posting Its 6th Consecutive Year of Record Revenues, SevOne Receives $150 Million Investment from Bain Capital". http://sevone.com/company/news-events/press-releases/SevOne-Receives-150-Million-Investment-from-Bain-Capital. Retrieved 1 March 2013.
- ↑ "SevOne Announces $50 Million Financing Round Led by Westfield Capital Management and Bain Capital Ventures". https://www.sevone.com/press-release/sevone-announces-50-million-financing-round-led-westfield-capital-management-and-bain. Retrieved 23 September 2015.
- ↑ "IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud". https://newsroom.ibm.com/2021-04-29-IBM-to-Acquire-Turbonomic-Building-Industrys-Most-Comprehensive-AIOps-Capabilities-for-Hybrid-Cloud. Retrieved 14 June 2021.
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