IBM to Acquire Instana as Company Continues to Advance its Hybrid Cloud and AI Strategy
– Acquisition to help businesses use AI to better manage complexity of modern applications that span hybrid cloud landscape; Builds on IBM’s industry-leading AI-powered automation capabilities
ARMONK, N.Y., Nov. 18, 2020 — IBM (NYSE:IBM) today announced a definitive agreement to acquire Instana, an application performance monitoring and observability company. The acquisition will help businesses better manage the complexity of modern applications that span the hybrid cloud landscape. Today’s news further advances IBM’s Hybrid Cloud and AI strategy and strengthens its AI-powered automation capabilities. Financial details were not disclosed. (more…)