VC-backed log analytics startup RapidEngines acquired by SevOne

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Via News Release

“WILMINGTON, Del., Apr 10, 2014 (BUSINESS WIRE) — SevOne , the leader of scalable performance monitoring solutions to the world’s most connected companies, today announced it has acquired RapidEngines, a leading provider of highly scalable log analytics software for IT enterprises, service providers and application developers.

The acquisition is the first from SevOne since closing the $150M investment from Bain Capital which remains one of the largest venture financings of 2013. SevOne’s large customer base will now have access to RapidEngines’ log analytics software granting users the benefit of automatically collecting and organizing log data to better provide a detailed picture of user and machine behavior.”

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