Providence Equity Partners is a specialist private equity investment firm focused on growth-oriented media, communications, education, and technology companies across North America and Europe. Providence combines its partnership approach to investing with deep industry expertise to help management teams build exceptional businesses and generate superior returns.     Since its founding in 1989, Providence has invested over $31 billion across more than 170 private equity portfolio companies. With its headquarters in Providence, RI, the firm also has offices in New York and London. For more information, please visit www.provequity.com.

Providence Equity Partners

Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.  As of October 1, 2024, Golub Capital had over 1,000 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia. For more information, please visit golubcapital.com.

Golub Capital

PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel Aviv.

PSG Equity

LogicMonitor

LogicMonitor is a hybrid observability platform that provides IT observability and monitoring for physical, virtual, and cloud-based IT infrastructures. Its platform helps improve IT and prevent issues with SaaS-based automated monitoring with advanced features for infrastructure, applications, and business services.

LogicMonitor is a SaaS-based performance monitoring and observability platform for modern IT infrastructure and applications.

Building future-ready applications in the cloud

Cloud-native Tech

LogicMonitor and AppDirect Partner to Bring Unparalleled Hybrid Observability Solutions to IT Service Providers

Amazon

LogicMonitor enhances its partnership with Amazon Web Services (AWS) to offer unified observability for monitoring complex hybrid and multi-cloud environments, ensuring efficient and confident management of cloud-native technologies.

Vendors offering observability, including tools to understand a cloud system from its external outputs, measured by CPU time, memory, disk space, latency, errors, etc.

HCLTech

The partnership between HCL Technologies' DRYiCE™ and LogicMonitor will deliver an end-to-end solution for automated remediation of IT incidents.

LogicMonitor is a SaaS-based performance monitoring and observability platform for modern IT infrastructure and applications.LogicMonitor offers monitoring solutions that help organizations gain deep visibility into their entire IT stack, including networks, servers, cloud infrastructure, applications, and more. LogicMonitor enables businesses to proactively identify and resolve issues, optimize performance, and ensure the availability and reliability of their critical systems.Additionally, the company provides an add-on feature named <a href="https://sp-edge.com/updates/29581">LM Cost Optimization</a>, to reduce unnecessary expenses and help companies make data-driven decisions by combining multi-cloud spend into a single view and offering AI-based suggestions to identify unused resources, predict capacity changes, and improve resource utilization.With its scalable architecture, intelligent alerting, and customizable dashboards, LogicMonitor enables IT teams to monitor and manage complex environments, driving operational efficiency and reducing downtime.LogicMonitor operates under an annual subscription-based sales model, offering different products and pricing plans based on the scale and requirements of the organization.Key customers and partnershipsThe LogicMonitor platform is used by many technology and non-technology companies, including Siemens, Nielsen, Pacific Life, and AstraZeneca.LogicMonitor provides out-of-the-box infrastructure monitoring for industry-leading solutions such as Microsoft, Oracle, Cisco, Citrix, VMware, Palo Alto, Juniper, and Oracle. Its Cloud monitoring solution integrates with AWS, Azure, and Google Cloud. Additionally, LogicMonitor provides 2,000+ turnkey integrations.Funding and financialsLogicMonitor’s last recorded fundraiser was in 2016 (as of June 2023) from a USD 130 million private equity round led by Providence Equity Partners.

SingleStore is a company that provides a distributed SQL database platform for real-time analytics and operational applications.SingleStore’s platform combines the scalability of NoSQL with the querying capabilities of SQL. It enables organizations to ingest, process, and analyze large volumes of data in real-time, making it ideal for applications that require fast and accurate data processing. SingleStore solves the problem of handling massive amounts of data and delivering real-time insights for use cases such as real-time analytics, operational analytics, and high-velocity transactional applications.SingleStore's competitive advantage is its ability to handle analytical and transactional workloads in a single platform. It allows businesses to consolidate their data infrastructure, simplifying management and reducing operational costs.SingleStore operates with a sales model that includes direct sales and partnerships with technology and solution providers. It offers different pricing and licensing options tailored to the needs of its customers, including subscription-based models.Key customers and partnershipsSingleStore serves some of the largest tech and non-tech enterprises across various industries, including Comcast, Cisco, Akamai Technologies, Fiverr, Goldman Sachs, Sony, Siemens, Hulu.SingleStore partners with all major cloud providers (AWS, Azure, Google Cloud, IBM Cloud) and has technology partnerships with Dell, Red Hat, Intel, HP Enterprise, and Looker.Funding and financialsAs of June 2023, SingleStore’s latest fundraising was in October 2022 from a USD 30 million Series F round led by Goldman Sachs Asset Management and Prosperity7 Ventures. The funds were slated to fuel SingleStore’s growth and various strategic initiatives.

SingleStore

Platform9 is an open-distributed cloud company that offers solutions for managing hybrid clouds, Kubernetes, and more. Platform9 offers several products and solutions, including Managed Kubernetes, Managed OpenStack, and Managed Bare Metal.Managed Kubernetes allows businesses to deploy and manage Kubernetes clusters across any infrastructure, while Managed OpenStack offers a simplified way to deploy and manage private clouds. Managed Bare Metal enables businesses to run Kubernetes, OpenStack, and other workloads on dedicated hardware with bare-metal performance.Platform9 claims to deliver a seamless Kubernetes experience across any infrastructure. Platform9's SaaS-managed Kubernetes solution offers a single view to manage Kubernetes clusters running on any cloud or on-premises infrastructure, including bare metal servers, vSphere, and public clouds such as AWS, Google Cloud Platform, and Azure, providing customers with a unified Kubernetes experience. In addition, Platform9 offers automated security patching, on-demand upgrades, self-healing clusters, multi-version support, and audit logging.Platform9 has a subscription-based sales model. It offers its services on a pay-as-you-go basis, with pricing based on the number of managed nodes or instances, with optional add-ons for additional features and support.Key customers and partnershipsPlatform9 targets enterprise customers who run and manage Kubernetes and cloud-native technologies on distributed cloud services, whether on-premises or in the public cloud. Its customers typically include large organizations with complex IT environments, such as financial services, healthcare, technology, and retail companies.As of mid-2022, Platform9 catered to more than 60 enterprise clients and powered 40,000 nodes across private, public, and edge clouds.Platform9 has partnerships with various cloud providers, including Amazon Web Services, Microsoft Azure, and Google Cloud. Additionally, in <a href="https://sp-edge.com/updates/32723">August 2024</a>, Platform9 partnered with Fairwinds, a managed Kubernetes-as-a-Service provider, to tackle issues related to Kubernetes over-provisioning and cost management costs in public cloud deployments.

Platform9

Mirantis is a technology company that provides cloud-native software and services to help businesses modernize their IT infrastructure.Mirantis specializes in open-source software, focusing on Kubernetes, OpenStack, and related technologies. Its core offering is the Mirantis Cloud Native Platform, a managed Kubernetes service that provides a complete set of tools for deploying and managing containerized applications. The platform helps organizations adopt and scale Kubernetes quickly and easily, with features like automated provisioning, integrated monitoring, and self-service access to resources. Mirantis also offers professional services including consulting, training, and support for Kubernetes, OpenStack, and related technologies.Mirantis sells its products and services through a subscription-based model. Customers can choose from various annual subscription plans, depending on their needs.Key customers and partnershipsMirantis focuses on enterprise customers who deploy and manage large-scale private clouds. Some of its high-profile customers include Volkswagen Group, Société Générale, S&amp;P Global, Paypal, Volkswagen, and GSK.Mirantis also has technology partnerships with several companies, including Arm, Cisco, Entrust, and Fujitsu, and hardware vendors like Dell EMC, Intel, and Supermicro.

Mirantis

Rafay Systems is a cloud-native platform that automates deployment, life cycle management, and scaling of containerized applications across all cloud infrastructure.Rafay's platform provides enterprises with the tools to deploy and manage containerized applications, microservices, and serverless functions in a scalable and efficient way. The platform provides features including multi-cluster management, automated workload scaling, automated application recovery, and granular application-level access controls. Rafay also provides a Kubernetes-native API gateway that simplifies managing and securing microservices, and includes capabilities to include support for graphics processing unit-based workloads.Additionally, Rafay Systems <a href="https://sp-edge.com/updates/29580">offers an AI suite</a> to simplify AI application development and deployment. This suite includes pre-configured LLMOps Playgrounds, a turnkey MLOps pipeline, central management of LLM providers and prompts, and AI data source integrations and governance. It also offers a cost optimization suite to help IT professionals manage Kubernetes expenses with dynamic cluster scaling, auto-rightsizing, policy application, and simplified infrastructure.Rafay has a subscription-based sales model and offers its platform as a service. The pricing is based on the number of clusters, nodes per cluster, and the amount of data transferred.Key customers and partnershipsRafay’s target customer segments are enterprises, service providers, and software vendors. Some of its notable clients include Verizon, Equinix, Samsung, Moneygram, and the US Air Force.In 2022, Rafay launched its Technical Alliance Program (TAP), which brings together technology and solutions providers to develop joint solutions to simplify and streamline Kubernetes management and operations. Partners of the program include GitLab Inc., F5 NGINX, MinIO, New Relic, and Sysdig. Meanwhile, Rafay’s public cloud and managed Kubernetes partners include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Oracle.

Rafay Systems

Docker, Inc. is a technology company developing productivity tools centered around Docker, a software container platform that automates the deployment of code inside containers.Docker, Inc's major commercial products include Docker Hub, a central repository for containers, and Docker Desktop, a GUI application that enables Windows and Mac users to manage containers.Docker's ease of use, portability, resource efficiency, scalability, and strong ecosystem has made it a popular solution for deploying and managing applications in various environments.Docker has a subscription-based sales model. Docker also collaborates with various channel partners, including technology resellers, system integrators, and value-added distributors to expand its reach.Moreover, Docker has made several strategic acquisitions to enhance its capabilities: AtomicJar (2023), Nestybox (2022), SocketPlane (2015), and Tutum (2015), among others.Key customers and partnershipsAs of December 2022, the platform was used by more than 18 million developers. As of March 2022, the company served more than 56,000 commercial customers, including Adobe, Netflix, PayPal, Verizon, and Target.In <a href="https://sp-edge.com/updates/27771">March 2024</a>, Docker expanded its partnership with Red Hat to integrate Testcontainers Cloud into the Red Hat OpenShift platform. This partnership aimed to streamline the process of building cloud-native applications and facilitate real-world testing using Docker containers.Docker’s annual recurring revenue (ARR) was more than USD 50 million in 2021.

Docker

Vendors offering cloud-native infrastructure or provisioning, which is the first layer in the cloud-native landscape. It encompasses tools to create and harden the foundation of cloud-native apps.

Vendors offering execution environment (runtime) solutions. This encompasses everything a container needs to run in a cloud-native environment, including the code used to start a container.

Vendors offering solutions for application definition and development. This layer focuses on the tools that enable engineers to build cloud-native applications

Vendors offering orchestration and management solutions including tools to handle running and connecting cloud-native applications.

Vendors that bundle different tools from different layers together into a platform, solving a larger problem. These can include an orchestration tool, a container runtime, service discovery, networking, an API gateway, etc.

Provide tools to design and build applications for deployment and operation in cloud environments

Disruptors are using Generative AI for AI-based assistants and help-bots, while others provide the technology for developing and deploying Gen AI applications and models.

ANALYST_QUICK_TAKE

<div>
 
 LogicMonitor, a platform specializing in performance monitoring and observability, has acquired an investment of 800 million USD. The investment comes from PSG, Golub Capital, and others, and places LogicMonitor's valuation at 2.4 billion USD.
 The company intends on using this investment to pursue strategic mergers and acquisitions, expand into new global markets, and broaden its product range in new sectors and industries.
 
</div> Analyst QuickTake: 
 In May 2018, LogicMonitor was <a href="https: 
//www.logicmonitor.com/press/vista-equity-partners-acquire-majority-stake-logicmonitor"> acquired by Vista Equity Partners </a> , a leading private equity firm. It was <a href="https: 
//www.akm.ru/eng/news/vista-equity-plans-to-sell-logicmonitor-for-1-5-billion/"> recently reported </a> that it was exploring the sale of LogicMonitor for USD 1.5 billion. However, this funding round values the company at USD 2.4 billion, enabling Vista to maintain its controlling interest while enhancing LogicMonitor's financial position and growth potential within the competitive tech landscape.

LogicMonitor

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