US-headquarterd GFI Software, which has its UK base in London, has acquired Monitis, a business which provides cloud-based network monitoring services.
Round-up of today’s M&A deals
US-headquarterd GFI Software, which has its UK base in London, has acquired Montis, a business which provides cloud-based network monitoring services.
According to a statement, the buy is part of GFI’s plans to become a ‘one-stop shop’ for managing IT infrastructures.
Walter Scott, chief executive officer of GFI Software, comments: ‘As more and more small and medium-sized businesses adopt cloud computing, GFI is diversifying its own product portfolio to ensure we continue delivering the technology that ensures our customers remain leaders in their fields.
‘While cloud computing enables companies to cut costs and streamline operations, it adds unprecedented layers of management challenges for which Monitis offers a great fit.’
Financial terms of the deal were undisclosed.
Round-up of today’s M&A deals
- Infor buys ENXSuite
Value: undisclosed
Advisers: undisclosed
- Development platform buy for Appcelerator
Value: undisclosed
Advisers: undisclosed
- BayTSP bought out by Irdeto
Value: undisclosed
Advisers: undisclosed
