Michelmores has advised the sole shareholder of DEXDA, a big data and machine learning predictive fault identification company, on its sale to LogicMonitor, the leading cloud-based infrastructure monitoring and observability platform for enterprises and managed services providers.
Dexda was founded in 2017 by Patrick O’Connor and is based in London. The company combines the power of big data and ML (machine learning) to deliver alarm management, AIOps (Artificial Intelligence for IT Operations) capabilities, and intelligent predictive fault detection for technology assets. Dexda’s unique cloud-based solution automates the complex process of predicting and preventing costly asset failures before they occur.
“Today’s complex, hybrid IT environments create data at an exploding pace and scale that’s too vast to be analyzed manually. Applying AI and ML to siloed infrastructure and application performance data — be it machine or services alerts or events — allows companies to automatically extract real-time insights to drive better business outcomes,” said Kevin McGibben, CEO of LogicMonitor. “Acquiring Dexda will further enhance LogicMonitor’s ability to generate automated, full-stack insights across the critical technologies modern companies depend on to deliver extraordinary employee and customer experiences.”
“At Dexda, our vision has always been to use AI and ML to transform asset data into insights that power business growth, and LogicMonitor absolutely shares this vision,” said Patrick O’Connor, CEO and Founder of Dexda. “We’re excited to see the ways in which the Dexda team’s data science and AIOps expertise will further enhance LogicMonitor’s award-winning infrastructure monitoring and observability platform.”