Local angel + VC-backed startup RapidEngines was acquired by network management and monitoring firm SevOne last week. Based in Wilmington, DE, SevOne is now funded by Bain Capital in pursuit of a public offering.
We connected with Co founder and CEO Tom Grabowski to hear more about the deal and its future implications.
What is the gist of RapidEngines?
Jason DeStefano, Joe DeStefano, Pete Jordan, and I started RapidEngines because we knew there must be a better way to analyze streaming machine data. Companies we worked with were getting overwhelmed with data from their applications and IT infrastructure and needed to know what was normal and be able to investigate abnormal events.