“Moogsoft claims to have more than doubled revenue in the past year thanks to new customer wins. The startup counts Cisco Systems Inc., T-Mobile USA Inc., Intuit Inc. and other major tech firms among its users.”
Original source: Moogsoft gets $40m round D
“With the acquisition of Loggly, SolarWinds obtains an asset that was slow in getting started but has hit a patch of growth recently. As of September, we believe the company was on track to finish 2017 with roughly $10m in billings, up from mid-single digits in 2016. Founded in 2009 with a mission of offering a SaaS-based, easy-to-use logging product with helpful visualizations built using advanced analytics, Loggly had raised $47m in venture capital, including a $11.5m series D round in June 2016.” They estimate ~3,000 paying customers.
Original source: With Loggly, SolarWinds scoops up another log service
“Microsoft’s vision is to deliver tools that can offer a holistic view of services to application architects looking to optimize their software; performance information and debugging capabilities for DevOps and ops pros; insight into KPIs for executives; and information about customer usage to product owners. Microsoft doesn’t yet have a cohesive offering for all of the above, but it has the pieces to enable it and has begun delivering on some integrations across products.”
Original source: Microsoft gets serious about monitoring
Reiterating a Buy rating on the shares and a $70 price target, White concludes that the company is expanding from being a one-trick pony to have multiple products, as evinced by the unveiling of a new version of its enterprise software, but also a cloud computing version where customers can rent the functionality.
One of the guys on my team, Dennis Callaghan is at Splunk’s conference this week. It’ll be fun to see what he reports back.
Also: Jack Clark’s short coverage of their new Amazon cloud hosted service.
Splunk’s challenge is to expand beyond one product, or get bought before it matters