Tuesday, 17th September 2019
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Virtual Instruments acquires Metricly

Virtual Instrument has completed its acquisition of SaaS-based cloud cost, optimisation and monitoring service provider Metricly. The acquisition will enable Virtual Instruments to expand its cloud migration, monitoring and analytics portfolio to offer customers SaaS-based, hybrid infrastructure management across multi-cloud environments.

Formerly Netuitive – one of the pioneers in applying machine learning and AI to IT operations (AIOps) – Metricly’s platform provides tools to help customers plan, analyse, organise and optimise their cloud workloads, services and resources.Metricly specialises in full-stack monitoring and optimisation of application middleware, containers and microservices in public cloud environments. The highly scalable platform is architected based on state-of-the-art technologies and offers a self-service free trial evaluation to visitors on its website. Featuring nearly 100 customers across a variety of industries, Metricly has extended the original market momentum built by Netuitive since rebranding in 2017, with Metricly achieving 100% growth in recurring subscription revenue in 2018.

“A majority of enterprises expect to run their workloads in a hybrid IT environment, with 57% of IT decision makers responding to the 451 Research Voice of the Enterprise, Cloud, Hosting and Managed Services survey indicating that they are moving toward an integrated on-premises and off-premises environment,” said Nancy Gohring, senior analyst at 451 Research. “Enterprises relying on a hybrid environment have learned that a unified approach is key to monitoring applications that run across on- and off-premises infrastructure. They also recognise that cost optimisation is an important component of hybrid operations, where a clear understanding of cloud costs is an important factor in determining the best execution venue.”

With the acquisition of Metricly’s platform, Virtual Instruments expands its hybrid IT infrastructure management portfolioto encompass the full range of the cloud deployment models – including public, private, hybrid and multi-cloud environments. Metricly’s cloud-native monitoring, workload analysis, resizing and AWS cost optimisation solutions will integrate with Virtual Instruments’VirtualWisdom, the industry’s most comprehensive hybrid infrastructure monitoring and AIOps platform. The acquisition will result in the addition of more than 50 new integrations for popular open source DevOps technologies to the Virtual Instruments portfolio, covering middleware including databases, messaging platforms, microservices, and containers, as well as cloud infrastructure services such as AWS Lambda, EC2, ECS, ASG, EMR, Microsoft Azure VMs, and Load Balancer, among others.

“Executing successful cloud initiatives is a challenge for every enterprise, no matter their size or depth of resources,” said Philippe Vincent, CEO of Virtual Instruments. “In addition, migrating legacy applications to the cloud is a major undertaking for most enterprises, and they must answer crucial questions before doing so. Through our acquisition of Metricly, we’re providing our customers with the end-to-end monitoring solutions and deep cloud migration expertise they need to accelerate their journey to the cloud. Combined with the comprehensive AIOps and hybrid IT infrastructure management capabilities provided by VirtualWisdom, customers can now fully deploy hybrid infrastructures for mission critical application environments.”

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