SevOne
{{Infobox company
| name = SevOne, Inc.
| logo = SevOneLogoWblocks.png
| type = Private
| founders = {{unbulleted list|Vess Bakalov
Tanya Bakalov
}}
| key_people = {{unbulleted list|Jim Melvin|COO}}
| industry = {{unbulleted list|Network Management|Server Monitoring|Application Monitoring}}
| num_employees = 250+
| foundation = 2005
| parent = Turbonomic (2019-present)
| location_city = Boston, MA
| location_country = United States of America
| homepage = [https://www.SevOne.com www.SevOne.com]
}}
SevOne is a software company that was founded in 2005. It was named after the slang for the "severity one" performance problems network managers face.{{cite news|first=Denise |last=Dubie |title=Start-up SevOne tackles severe performance problems |url=http://www.networkworld.com/news/2008/061008-sevone-performance-problems.html |work=Network World |date=10 June 2008 |url-status=dead |archive-url=https://web.archive.org/web/20121013113148/http://www.networkworld.com/news/2008/061008-sevone-performance-problems.html |archive-date=13 October 2012}}
SevOne was acquired by Turbonomic in 2019. Then as part of Turbonomic, the SevOne product line was acquired in 2021 by IBM, and made available by IBM as IBM SevOne Network Performance Management (NPM).{{cite web |url=https://www.ibm.com/products/sevone-network-performance-management |title=IBM SevOne |publisher=IBM |accessdate=September 16, 2024}}
IBM SevOne NPM provides monitoring and analytics for the digital infrastructure, including networks, servers, and cloud datacenters.{{cite web|url=https://www.sevone.com/ |title=SevOne Network Performance Monitoring |access-date=29 December 2020}}
History
The company was founded in 2005 in Newark, Delaware by computer scientists from the University of Delaware who also served as network architects at leading financial institutions.[http://www.sevone.com/company.html SevOne - About Us]
In July 2007, venture capital firm Osage Ventures led a Series A Preferred placement in SevOne. In March 2009, Osage led a second round of financing in SevOne along with several private investors.{{fact|date=May 2022}}
In January 2013, SevOne announced a $150 million investment from Bain Capital.{{cite web|title=Posting Its 6th Consecutive Year of Record Revenues, SevOne Receives $150 Million Investment from Bain Capital |url=http://sevone.com/company/news-events/press-releases/SevOne-Receives-150-Million-Investment-from-Bain-Capital|accessdate=1 March 2013}}
In September 2015, SevOne announced a $50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures. Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners also participated in this round.{{cite web|title=SevOne Announces $50 Million Financing Round Led by Westfield Capital Management and Bain Capital Ventures|url=https://www.sevone.com/press-release/sevone-announces-50-million-financing-round-led-westfield-capital-management-and-bain|accessdate=23 September 2015}}
In November 2019, SevOne was acquired by Turbonomic.{{cite press release |url=https://www.businesswire.com/news/home/20191104005984/en/Turbonomic-Acquires-SevOne |title=Turbonomic Acquires SevOne |agency=BusinessWire |date=November 4, 2019 |accessdate=September 16, 2024}}
In April 2021, IBM announced it was acquiring Turbonomic, SevOne's parent company.{{cite web|title=IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud|url=https://newsroom.ibm.com/2021-04-29-IBM-to-Acquire-Turbonomic-Building-Industrys-Most-Comprehensive-AIOps-Capabilities-for-Hybrid-Cloud|accessdate=14 June 2021}}
References
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Category:Networking software companies
Category:Privately held companies based in Delaware
Category:Software companies established in 2005
Category:Companies based in Wilmington, Delaware
Category:2005 establishments in Delaware
Category:Software performance management
Category:Bain Capital companies