The acquisition was made by AppNeta, a privately held performance management company based in Wellesley Hills. No financial details were disclosed. The two share a mutual investor in Bain Capital Ventures.
“We are excited to bring our customers full-stack performance insight to both the core application performance and the end user’s experience for today’s distributed application architectures.” said John Vigeant, CEO of Tracelytics, in a release. “But without the corresponding deep network performance visibility, they can’t fully understand and solve problems in the complete application delivery chain. Together with AppNeta, we can now answer these questions.”
In addition to Bain, Tracelytics’ A round investors included Google Ventures, Battery Ventures, and Flybridge Capital Partners. AppNeta raised $6.2 million a little over a year ago from Bain, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada.
I’m told Tracelytics will remain a separate product, but some of its features will be integrated into AppNeta. Founded in 2010 in Providence, Tracelytics opened a Boston office following its A round.
Without knowing the details it’s tough to know exactly what’s going on with this deal, but it appears like a joining of forces with the hope of creating a first in class company able to span a wider range in the market.