Stackify sells to West Coast competitor; stacking another exit for startup veteran Matt Watson
April 20, 2021 | Startland News Staff
Two of the country’s fastest growing companies have joined forces as Leawood-built Stackify reaches its exit, the tech startup announced Tuesday.
Huntington Beach, California-based Netreo has acquired the company in an undisclosed deal, expected to enhance the IT infrastructure management (ITIM) platform’s full-stack IT monitoring and AIOps offerings — significantly boosting its overall customer experience.
Founded in 2012, Stackify develops Application Performance Management (APM) solutions to show how, and why, applications underperform. From pre-production to deployment, Stackify knows that when their 1,200 customers spend less time fighting technology they spend more time releasing it, and those new applications make the world a better place for all of us.
“We are thrilled to bring advanced APM capabilities to the Netreo community, and believe our combined product suite delivers best-in-class application and infrastructure monitoring to our customers,” said Matt Watson, Stackify founder and CEO.
Watson will next join fast-growing Netreo as CTO, the company said in a release.
The deal marks Netreo’s second acquisition in nine months and Watson’s second exit as a founder — following the $147 million sale of VinSolutions in 2011, where he served as co-founder and CTO.
Watson also co-founded Kansas City-based Full Scale and has served the Kansas City entrepreneur community as an investor, advocate, and co-founder of the Startup Hustle podcast and Startup Hustle TV YouTube series.
Click here to learn more about Watson’s entrepreneurial accomplishments and Stackify’s inaugural ranking on the Inc. 5000 list in 2019.
Matt Watson, Stackify, Full Scale, Startup Hustle podcast
“I look forward to working with leadership and technology teams dedicated to delivering easy-to-use IT solutions that advance our customers’ business objectives and to leading the development of exciting new solutions that address customer needs in new, high-growth markets,” Watson said.
The acquisition of Stackify by Netreo is expected to open new doors to efficiency for customers in the $30 billion-plus IT operations management industry, explained Jasmin Young, Netreo CEO.
“The acceleration of digital transformation and the rise of remote work this past year have made it even more critical for business and technology leaders to have actionable insights on the quality of internal and external digital customer experiences — more intelligently, efficiently and securely,” she explained.
“The combined capabilities of Netreo and Stackify will enable developers, DevOps, IT and business leaders to have AIOps-driven end-to-end observability and rapid incident resolution for their cloud and on-premises IT infrastructure. We are delighted to welcome the Stackify team and community to the Netreo family.”
Stackify boasts thousands of customers in more than 50 countries who are now expected to benefit from the power of the combined platforms.
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