(Video by YouTube user SiliconANGLE, used under a Creative Commons license)
Cloud-focused company IOPipe, which provides tools for devs to building the next generation of serverless computers, announced this month that it had been acquired by West Coast-based New Relic.
Cofounders Erica Windisch and Adam Johnson penned a blog post about the deal on Nov. 1, when it became official, saying it “enables our team to bring our domain expertise and passion for helping serverless developers into a broader set of organizations whose applications span traditional servers, virtual machines, containers, and of course, serverless.”
I started this journey in late 2015, early 2016, with cofounder @adjohn. We were building tooling that was very different than what else was on the market. We’ve since begun to call this Whole Event Observability.
— Erica Windisch (@ewindisch) November 1, 2019
Windisch and Johnson started IOpipe in 2016, and raised $2.5 million in 2017. Over a few years, IOpipe became a team of eight who worked across a few American cities: “We’re actually a fully distributed team with cofounders in Philly and Seattle,” Windisch told Technical.ly after that raise when TechCrunch called the company Seattle based.
Now, she said, the majority of the team will join New Relic, a cloud-based observability platform company, at its engineering headquarters in Portland. Windisch — a 2019 Technical.ly Awards nominee for CTO of the Year — will be sticking around Philadelphia.
The deal “also provides the opportunity to take the best existing features of IOpipe and join forces with the team currently building New Relic Serverless to provide a whole new set of features identified as a top priority by both our users and the great organizations already using New Relic,” the cofounders wrote.
“We’re thrilled to bring the IOpipe team and their deep subject matter expertise to New Relic,” Ken Gavranovic, an EVP at New Relic, wrote in a blog post. “Since launching their product in 2016, IOpipe has worked with global companies like Rackspace, Matson, the Argo Group and APM Music to offer better visibility into serverless software architecture.”
Neither company disclosed the financial details of the deal.
Chesterbrook’s Boomi announces its plan to acquire Unifi Software
Crossbeam’s Bob Moore on learning ‘your place in an ecosystem of tech partners’
How Australian email company Fastmail landed its fast-growing Philly office
When it comes to diversity, Vanguard puts its money where its mouth is
Emarketing company Monetate will be acquired by a Dallas-based cloud biz
How to better leverage the cloud for your tech business
Exton cell and gene therapy company Fibrocell will be acquired for $63.3M
What you can learn about career mobility from a global architect at Macquarie
Sign-up for daily news updates from Technical.ly Philadelphia