Apica (a leader in data management and active observability) announced it has acquired telemetry data company Circonus. Apica also announced a new funding round led by Riverside Acceleration Capital (RAC), with additional funding from existing investors Industrifonden, SEB Foundation, Oxx, and Leo Capital. With this latest acquisition and new investment, Apica will continue providing a modern approach to observability data management for enterprise organizations.
Through Circonus, Apica will proceed with helping customers realize the full potential of their data to drive better business decisions. And this news continues the streak of Apica’s data management innovation following last year’s acquisition of data fabric and telemetry pipeline company LOGIQ.AI.
An observability data pioneer, Circonus specializes in monitoring and analytics solutions specifically designed for organizations with vast amounts of telemetry data. And Apica will integrate Circonus’ IRONdb and Passport products into the Ascent Platform.
IRONdb offers a high cardinality time series database that can do more than 1 billion unique time series metric streams. And it addresses the key challenges that data management teams encounter with typical time series databases. Passport enables data teams to gain control over telemetry agents while managing varieties of high-volume telemetry data. The result is the first-ever fleet management of all data collectors and centralized visibility into the inventory agents, and centralized management of telemetry elasticity at the edge.
Apica customers can expect to see the Circonus capabilities added to the Apica Ascent platform the first half of this year.
KEY QUOTES:
“This acquisition further solidifies our position as a trailblazer in data management and observability, and we are excited to welcome Circonus aboard. Its solutions are well aligned with our roadmap, and we will be able to provide our customers with a unified view of their entire technology stack. In addition, I’m happy that Riverside Acceleration Capital has invested in our active observability vision and looking forward to partnering with them as they join our influential group of investors.”
– Mathias Thomsen, chief executive officer, Apica
“With the rate at which data continues to multiply, customers are increasingly in need of affordable solutions that eliminate data silos, reduce tool sprawl, and provide a holistic picture of the inner workings of their operational data. We are excited to now deliver edge data control. As an active observability platform, we can quickly respond to many enterprise organizations’ data observability challenges and assist them in better using their existing investments.”
– Ranjan Parthasarathy, chief product and technology officer, Apica
