Sumo Logic Named a Challenger in the Gartner® Magic Quadrant™ for Application Performance Monitoring and Observability

Rhea-AI Summary

Sumo Logic (NASDAQ: SUMO) has been recognized by Gartner as a Challenger in the 2022 Magic Quadrant for Application Performance Monitoring and Observability. This marks Sumo Logic's first inclusion in this category, highlighting its capability to provide cloud-native tools for enterprises. The company focuses on simplifying the collection of logs, metrics, and traces to enhance digital experience reliability. Full-stack observability is central to Sumo Logic's strategy, which includes embracing open-source standards like OpenTelemetry to optimize customer data management.

Positive

• Sumo Logic is positioned as a Challenger in Gartner's 2022 Magic Quadrant, indicating strong market presence.
• The company's cloud-native platform provides essential tools for enhancing application reliability and digital experiences.
• Focus on open-source standards like OpenTelemetry supports customer control over data management.

Negative

• None.

REDWOOD CITY, Calif., June 16, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced it has been included for the first time and positioned by Gartner in the Challengers Quadrant of the 2022 Magic Quadrant for Application Performance Monitoring and Observability.¹

“We believe that our position as a Challenger is a testament to Sumo Logic’s ability to provide enterprises with cloud-native tools to deliver reliable digital experiences at scale,” said Erez Barak, VP of Product Development for Observability at Sumo Logic. “Full-stack observability starts with simplifying how logs, metrics and traces are collected to give organizations every advantage available to manage modern applications.”

As a cloud-native SaaS analytics platform, Sumo Logic turns machine-generated data, including logs, metrics, and traces, into real-time insights. The platform addresses the complexity of digital transformation, modern applications and cloud migration by helping customers ensure application reliability and manage and optimize multi-cloud infrastructures.

Barak continued, “Our strategy to embrace open source and establish OpenTelemetry as our collection standard, and deliver customers the power to control data costs – anchored by our cloud-native heritage – are just a few examples of what distinguishes us in the industry and cements our place in modern application management and full-stack observability.”

The APM and Observability Challengers quadrant comprises vendors with broad market reach and large deployments. Vendors in this quadrant typically have strong execution capabilities and a significant sales and brand presence garnered from the company as a whole, if not directly from its APM-related activities. Some vendors previously may have been among the top performers in the market and, thus, offer broad product portfolios. Vendors in this quadrant may be transforming their product offerings and market focus. In some cases, their APM offerings are often positioned as elements of a larger solution that may even extend beyond the boundaries of ITOM.

The full report, “2022 Magic Quadrant for Application Performance Monitoring and Observability,” is available for download:
https://www.sumologic.com/brief/gartner-apm-and-observability-magic-quadrant/

About Sumo Logic Observability

• Full Report: Sumo Logic Application Observability Solution Brief
• Sign up for a free trial of Sumo Logic

^[1] Gartner, “Application Performance Monitoring and Observability Magic Quadrant,” Padraig Byrne, Gregg Siegfried, Mrudula Bangera, June 7, 2022.

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About Sumo Logic
Sumo Logic, Inc. (NASDAQ: SUMO) empowers the people who power modern, digital business. Through its SaaS analytics platform, Sumo Logic enables customers to deliver reliable and secure cloud-native applications. The Sumo Logic Continuous Intelligence Platform™ helps practitioners and developers ensure application reliability, secure and protect against modern security threats, and gain insights into their cloud infrastructures. Customers around the world rely on Sumo Logic to get powerful real-time analytics and insights across observability and security solutions for their cloud-native applications. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contact
Carmen Harris
Sumo Logic
charris@sumologic.com
(650) 414-1584

FAQ

What does Sumo Logic's inclusion in Gartner's Magic Quadrant mean for SUMO stock?

Being recognized as a Challenger in Gartner's Magic Quadrant may enhance Sumo Logic's credibility and attract more customers, potentially impacting SUMO stock positively.

When was Sumo Logic recognized as a Challenger in Gartner's Magic Quadrant?

Sumo Logic was recognized in the 2022 Magic Quadrant published on June 7, 2022.

What are the main features of Sumo Logic's platform?

Sumo Logic's platform focuses on real-time insights from machine-generated data, improving application reliability and managing multi-cloud infrastructures.

How does Sumo Logic's strategy impact its market position?

Sumo Logic's strategy to embrace open source and utilize OpenTelemetry positions it as a strong competitor within the APM and observability sector.

What is the significance of being in the Challengers quadrant for Sumo Logic?

Being in the Challengers quadrant indicates that Sumo Logic has a broad market reach and strong execution capabilities, which can enhance its competitive standing.