MARKET MOVEMENT
Paessler AG announces acquisition of Swiss technology company ITPS AG
Paessler AG , a provider of IT , OT , and IoT monitoring solutions based in Germany , announces successful acquisition of ITPS Group , with subsidiaries in Switzerland , the Czech Republic , and Romania as well as business activities in India . This strategic development comes in the run-up to IT-SA 2023 and marks another step in Paessler ’ s ambition to offer its customers a diversified range of individual features for any infrastructure and monitoring objective .
ITPS , known for its software products under the name CORP-IT , has established itself in the IT industry through innovative solutions . Based in Switzerland , the company was founded by Thomas Wächter , an entrepreneur from Baden , Germany . Prior to this strategic development , ITPS was a valued Paessler Alliance Partner and Paessler Gold Partner for many years .
“ Our collaboration with Paessler has always been characterised by mutual trust and innovation ,” said Thomas Wächter , Founder of ITPS AG . “ With this acquisition , we are looking confidently to a future in which we can jointly offer our customers even greater added value . It is a significant step that combines the strengths of both companies and concretizes our vision for the future of monitoring .”
“ By integrating ITPS ’ advanced product enhancements and innovative technologies into our direct product portfolio , we can offer our customers an even more comprehensive network monitoring solution ,” announced Helmut Binder , CEO of Paessler AG .
Helmut Binder
Starting in the fourth quarter of 2023 , ITPS products will be sold under the Paessler brand , further diversifying Paessler ’ s product portfolio of IT , OT , and IoT monitoring solutions .
Three of the central solutions of ITPS , which are now being further developed and marketed under the Paessler umbrella brand under new product names , are PRTG SLA Reporter , PRTG Data Exporter , PRTG Database Observer .
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Cisco to acquire Splunk accelerating strategy to securely connect everything
Cisco and Splunk , the cybersecurity and observability vendor , announced a definitive agreement under which Cisco intends to acquire Splunk for $ 157 per share in cash , representing approximately $ 28 billion in equity value . Upon close of the acquisition , Splunk President and CEO Gary Steele will join Cisco ’ s Executive Leadership Team reporting to Chair and CEO Chuck Robbins .
The acquisition builds on Splunk ’ s heritage of helping organizations enhance their digital resilience and will accelerate Cisco ’ s strategy to securely connect everything to make anything possible . The combination of these two established leaders in AI , security and observability will help make organizations more secure and resilient .
“ We are excited to bring Cisco and Splunk together . Our combined capabilities will drive the next generation of AI-enabled security and observability ,” said Chuck Robbins , Chair and CEO of Cisco .
The combination of these two established leaders with complementary capabilities in AI , security and observability will unlock the true value of data and will help make organizations of all sizes more secure and digitally resilient .
Specifically , Splunk ’ s security capabilities complement Cisco ’ s existing
Chuck Robbins portfolio , and together , will provide security analytics and coverage from devices to applications to clouds .
Cisco and Splunk ’ s complementary capabilities will provide observability across hybrid and multi-cloud environments enabling the company ’ s customers to deliver smooth application experiences that power their digital businesses . Cisco and Splunk are well positioned to help customers responsibly harness the power of AI given their substantial scale , visibility into data , and foundation of trust .
Cisco ’ s acquisition of Splunk will also build upon both companies ’ reputations for being purpose-driven with similar values , strong cultures , and incredibly talented teams . The acquisition will unite two Great Places to Work with a shared passion for innovation and inclusion and will remain a great place to work and the premier place for software talent . •
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