Apica, the data management and active observability provider, is announcing its recent acquisition of Circonus, the telemetry data company, as well as a new funding round led by Riverside Acceleration Capital (RAC), with participation from existing investors Industrifonden, SEB Foundation, Oxx, and Leo Capital. Apica’s latest acquisition, paired with its capital infusion, propels the company on its mission to deliver a modern approach to data observability and management in the proprietary world.
Circonus is an observability pioneer with a focus in monitoring and analytics solutions for enterprises with large quantities of telemetry data. The company’s two products—IRONdb and Passport—will be integrated into Apica’s Ascent Platform.
“This acquisition further solidifies our position as a trailblazer in data management and observability, and we are excited to welcome Circonus aboard,” said Mathias Thomsen, chief executive officer at Apica. “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.”
IRONdb is Cironus’ time series database engineered with high cardinality in mind, offering remediations for key time series challenges facing data management teams. Passport is an observability solution that empowers data teams—who are bogged down by high-volume telemetry data—to take back control over telemetry agents. The solution delivers fleet management of all data collectors, accompanied by centralized visibility into inventory agents and centralized management of telemetry elasticity at the edge, according to the vendor.
The acquisition will enable Apica to further aid its customers in understanding the value of their data, ultimately leading to better business decisions and outcomes.
“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 deliver edge data control,” said Ranjan Parthasarathy, chief product and technology officer at Apica. “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.”
“We are impressed by Apica’s laser focus on offering enterprise customers a modern approach to managing and integrating diverse data sources so they can gain insights from their data through observability and data fabric,” said Jim Toth, managing partner at RAC. “Organizations and teams responsible for observability are struggling with pricey renewals and surprise costs. Apica observability and data management eliminates these struggles and helps you resolve incidents faster and manage and access data across many sources and locations, like on-premises data centers, multiple clouds, and edge devices.”
To learn more about Apica, please visit https://www.apica.io/.