SAN FRANCISCO and FORT COLLINS, Colo. (PRWEB) July 24, 2019
The Application Performance Management market is estimated to total $5.5 billion by 2022 according to Gartner. APM software tracks and observes software and web application performance metrics that enable developers to better anticipate and efficiently resolve application performance issues. Performance metrics such as the number of transactions processed by an application and response time to process such transactions are monitored. Scout APM products determine baseline performance metrics and offer users a graphical interface which visualizes these metrics for a complete, big-picture view of their software’s performance. With insight into performance issues, software developers can effectively improve their software or application’s user experience.
“The Scout team have been thought-leaders in the developer market for more than 10 years. We were impressed with the company’s organic growth to date and look forward to partnering with the team moving forward,” says Jonathan Siegel, General Partner at Xenon Partners. “We have found in Scout a great product and scalable technology that was previously not well known in the APM user community--we now have an opportunity to change that.”
Multiple trends have contributed to the growth of the APM market in recent years, such as an increased reliance on big data analytics while companies focus more heavily on automation at a time when cloud computing and storage are becoming increasingly popular. The acquisition of Scout APM represents Xenon Partners’ most recent strategic investment, adding to a portfolio of eight current companies.
About Scout APM
Founded by Andre Lewis, Charles Brian Quinn, and Derek Haynes in 2008, Scout APM offers application performance monitoring (APM) “that finds what you can’t see in charts.” Scout’s customers include companies such as MindBody, Plex, Expedia, and Procore among others. For more information, visit http://www.scoutapm.com.
About Xenon Partners
Xenon Partners acquires and operates early and mid-stage technology companies, with a particular emphasis on B2B SaaS solutions. Xenon provides its portfolio companies with deep operational expertise in growth marketing, sales, design, product engineering, and operations to scale to the next level. Past and present portfolio companies include Airbrake (acquired by Rackspace), RightSignature (acquired by Citrix), DreamFactory, Earth Class Mail, and Xplenty. For more information, visit http://www.xenon.io.