HOUSTON – March 20, 2023 – Hewlett Packard Enterprise (NYSE: HPE) today said it has agreed to acquire OpsRamp, an IT operations management (ITOM) company that monitors, observes, automates and manages IT infrastructure, cloud resources, workloads and applications for hybrid and multi-cloud environments, including the leading hyperscalers. Gartner estimates ITOM to be an approximately $39 billion market.
Integrating OpsRamp’s hybrid digital operations management solution with the HPE GreenLake edge-to-cloud platform – and supporting it with HPE services – will reduce the operational complexity of multi-vendor and multi-cloud IT environments that are in the public cloud, colocations, and on-premises. OpsRamp’s technology – which delivers discovery, monitoring, automation, and event resolution with artificial intelligence for IT operations (AIOps) – provides end-to-end visibility, observability, and control across hybrid and multi-cloud IT environments. These capabilities span multi-vendor computing, networking, and storage, along with cloud resources, containers, virtual machines, and applications. According to IDC, 64 percent of enterprises use multiple cloud providers; the ability to manage the IT operations sprawl across heterogeneous cloud environments is becoming increasingly more important.
“Customers today are managing several different cloud environments, with different IT operational models and tools, which dramatically increases the cost and complexity of digital operations management,” said Fidelma Russo, Chief Technology Officer of Hewlett Packard Enterprise. “The combination of OpsRamp and HPE will remove these barriers by providing customers with an integrated edge-to-cloud platform that can more effectively manage and transform multi-vendor and multi-cloud IT estates. This acquisition advances HPE hybrid cloud leadership and expands the reach of the HPE GreenLake platform into IT Operations Management.”
HPE GreenLake platform provides customers and partners with a unified hybrid cloud experience and easy access to cloud services. With the addition of OpsRamp’s services, new and existing HPE customers facing increasingly complex multi-vendor IT systems and workloads will be able to more efficiently manage IT investments and remediate incidents faster. Organizations benefit from one platform from which to automate, orchestrate, and operate their hybrid cloud estate.
The OpsRamp capabilities extend the HPE services portfolio – across Advisory, Operational and HPE GreenLake managed services – into delivering end-to-end support for hybrid and multi-cloud IT environments. With this offering, customers can more effectively manage their heterogeneous cloud environments, dramatically reduce their operating expenses and enhance the overall IT experience for users. Capabilities include the consolidation of multi-vendor tools; automating and streamlining manual processes with AIOps; and significantly improving incident remediation with monitoring and observability.
Headquartered in San Jose, California, OpsRamp was part of Hewlett Packard Pathfinder’s venture capital investment in 2020. OpsRamp delivers a hybrid digital operations management platform that supports thousands of customers worldwide to modernize and reduce the cost of their digital operations management.
“The integration of OpsRamp’s hybrid digital operations management solution with the HPE GreenLake platform will provide an unmatched offering for organizations seeking to innovate and thrive in a complex, multi-cloud world. Partners and the channel will also play a pivotal role to advance their as-a-service offerings, as enterprises look for a unified approach to better manage their operations from the edge to the cloud,” said Varma Kunaparaju, CEO of OpsRamp. “We look forward to leveraging the scale and reach of HPE’s global go-to-market engine to deliver our unique offering and are excited for this journey ahead as part of HPE.”
Today, HPE GreenLake supports more than 65,000 customers, powers more than 2 million connected devices and manages more than one exabyte of data with customers worldwide.
The transaction is expected to close in the third quarter of the HPE 2023 fiscal year, subject to regulatory approvals and other customary closing conditions. OpsRamp’s technology will be integrated with HPE GreenLake platform, available standalone as-a-service, and embedded within HPE’s compute, storage, and networking solutions.
The HPE GreenLake edge-to-cloud platform enables customers to accelerate data-first modernization and provides cloud services that can run on-premises, at the edge, in a colocation facility, and in the public cloud. In its first fiscal quarter of 2023, HPE reported Annualized Revenue Run-Rate (ARR) of over $1 billion, a growth of 31% from the prior-year period in constant currency. HPE GreenLake has 65,000 customers, powers more than two million connected devices and manages more than one exabyte of data under management with customers worldwide. These organizations benefit from one control plane from which to automate, orchestrate, and run their hybrid cloud strategy. The scalable, pay-as-you go HPE GreenLake platform also delivers robust security, compliance, and control, and supports a broad partner ecosystem – including channel partners, distributors, independent software vendors, public cloud providers, service providers, and system integrators. For more information on HPE GreenLake, please visit: https://www.hpe.com/us/en/greenlake.html
