STOCK TITAN

Dell Technologies Announces Intent to Acquire Moogsoft

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary
Dell Technologies to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions, to enhance AIOps capabilities.
Positive
  • Dell's acquisition of Moogsoft will enhance its AIOps capabilities, supporting DevOps and ITOps.
  • The acquisition is part of Dell's strategy to embed AI functionality within its product portfolio and strengthen its 'multicloud by design' approach.
Negative
  • None.

ROUND ROCK, Texas, July 19, 2023 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announced it has signed a definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions that support DevOps and ITOps.

This transaction will further enhance Dell's AIOps capabilities, as part of its longstanding approach of embedding AI functionality within its product portfolio and as a critical component of its "multicloud by design" strategy.

The transaction is expected to close in Q3. Additional details will be available at that time. 

About Dell Technologies 
Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.

About Moogsoft 
Moogsoft is the AI-driven observability leader that provides intelligent monitoring solutions for smart DevOps. Moogsoft delivers the most advanced cloud-native, self-service platform for software engineers, developers, and operators to instantly see everything, know what's wrong and fix things faster. Founded in 2012, Moogsoft has more than 140 customers worldwide including American Airlines, Fannie Mae, Fiserv, HCL Technologies, SAP SuccessFactors, and Verizon Media.   It has established strategic partnerships with leading managed service providers and outsourcing organizations including AWS, Cisco, HCL Technologies, TCS and Wipro.

 

Copyright © 2023 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC and Dell EMC are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/dell-technologies-announces-intent-to-acquire-moogsoft-301881557.html

SOURCE Dell Technologies

FAQ

What is Dell Technologies acquiring?

Dell Technologies is acquiring Moogsoft, an AI-driven provider of intelligent monitoring solutions.

How will the acquisition enhance Dell's capabilities?

The acquisition will enhance Dell's AIOps capabilities, supporting DevOps and ITOps.

What is Dell's strategy behind the acquisition?

Dell aims to embed AI functionality within its product portfolio and strengthen its 'multicloud by design' approach.

Dell Technologies Inc.

NYSE:DELL

DELL Rankings

DELL Latest News

DELL Stock Data

86.64B
333.87M
5.44%
69.01%
1.47%
Computer Hardware
Electronic Computers
Link
United States of America
ROUND ROCK