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ServiceNow s Acquisition Spree Adds Observability
ServiceNow s acquisition program is aimed at creating the autonomous enterprise of the future. Here s how observability company Lightstep fits in.
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Every company is a software company, the saying goes. In 2021 that s not a new concept. But the pandemic really raised the stakes. A year after the stampede to work-from-anywhere and to enable digital business, even more companies are also software companies or becoming software companies, even if their core business has traditionally been something else.
Maybe a retail company has created an online sales channel. Perhaps a manufacturer has created a direct-to-consumer channel online. Or maybe a logistics company is offering deeper and more granular digital shipment tracking to its customers.
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Tech hiring heated up as the COVID vaccine rollout picked up pace in the first quarter of 2021, according to technology job posting site Dice.
The Dice Q1 2021 Tech Job Report showed that job postings were up 28% nationwide when compared to the fourth quarter of 2020, a strong performance that capped off four months of growth. Dice reported more than 307,000 open tech positions in March, and said 60 percent of the top 50 employers created more job postings in the first quarter of 2021 when compared to the prior year. Tech hiring was at near record levels prior to the pandemic, and the data in our Q1 Tech Job Report shows that the demand for skilled technology talent is ramping up considerably, said Dice CEO Art Zeile in a press statement. The continuous surge in tech job postings, combined with the low tech unemployment rate, offers a positive growth outlook for technologist hiring and for the landscape as a whole for the remainder of 2021.
Acquisition will help ServiceNow customers accelerate digital transformation with insight-driven, action-oriented workflows
ServiceNow (NYSE: NOW), the leading digital workflow company that makes work, work better for people, today announced it has signed an agreement to acquire next-generation observability leader Lightstep.
By acquiring Lightstep, ServiceNow will solidify and accelerate its position as the world’s leading enterprise platform for digital businesses. ServiceNow is already a recognized market leader in IT service management, IT operations management, and digital workflows. With Lightstep, an emerging pioneer in next-generation application monitoring and observability, ServiceNow will help DevOps engineers build, deploy, run, and monitor state-of-the-art, cloud-native applications. Together, ServiceNow and Lightstep will extend the benefits of observability across the enterprise through digital workflows that convert real-time insights into action across all the te
ServiceNow to acquire DevOps observability platform Lightstep
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ServiceNow is a workflow automation platform for optimizing productivity for information technology and operations, with the addition of LightStep, DevOps engineers will gain deep systematic observability capabilities to detect problems before they affect customers.
The concept of “observability” deals with gathering information from raw data drawn from logs generated by clients and servers and producing actionable insights.
“Today, observability primarily benefits the DevOps teams that build and operate mission-critical apps,” said Ben Sigelman, co-founder and chief executive at Lightstep. “We’ve always believed that the value of observability should extend across the entire enterprise.”
ServiceNow Strikes Deal To Buy Observability Tech Developer Lightstep
Lightspeed’s software is used by DevOps teams to analyze system-wide metrics, tracing data and logs in real time to understand the cause and effects of changes to application performance and reliability, accelerating cloud application development. By Rick Whiting May 10, 2021, 01:26 PM EDT
Digital workflow software vendor ServiceNow is acquiring Lightstep, a developer of system observability technology, in what ServiceNow says is one of its biggest acquisitions.
Monday ServiceNow announced an agreement to buy Lightstep but did not disclose the financial terms of the deal. ServiceNow expects to complete the acquisition by the end of the current quarter.