RESOLVE SYSTEMS ACQUIRES FIXSTREAM FOR US$24 MLN

KUALA LUMPUR, Aug 20 -- Resolve Systems, the leading IT automation and orchestration platform has acquired FixStream, a pioneer in AIOps, for US$24 million (US$1=RM4.178) to deliver game-changing combination of AIOps and advanced automation in a unified platform.

The acquisition, expected to close by end-September, will enable Resolve to offer the most robust IT automation platform available on the market by combining artificial intelligence insights into dynamic, hybrid IT environments with powerful automation capabilities that are purpose-built for the complexity of modern enterprises.

Resolve, in a statement, said the unified platform will handle a wide array of IT operations – from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings.

It said this will enable customers to significantly improve infrastructure performance, reduce mean time to resolution (MTTR), increase IT operations efficiency, reduce alarm noise, and proactively and intelligently allocate resources for critical business services.

“By combining our powerful, cross-domain automation with insights from FixStream’s artificial intelligence, we’ll be able to help IT teams accelerate their digital transformation journey,” said Resolve chief executive officer John Ferron.

Acquiring FixStream enables Resolve to further tap into the market for AIOps solutions, which is seeing a significant growth as IT teams cope with the conundrum of reducing IT costs while managing increasing complexity, including an exponential uptick in data volumes generated by IT infrastructure and applications.

More information available at https://resolve.io.

-- BERNAMA