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August 18, 2023

Apica acquires LOGIQ.AI to transform observability landscape

Apica Fuels Future with $10M Unveiling Observability Triumph

Stockholm-based tech provider Apica unveiled its pivotal acquisition of California's LOGIQ.AI, a dynamic startup excelling in observability data fabric. In a resounding declaration of intent, Apica charts a new course through its strategic union with LOGIQ.AI. This bold maneuver marries Apica's prowess in load testing and web performance monitoring tools with LOGIQ.AI's specialized observability finesse. The Californian startup's mastery in observability data fabric harmonizes with Apica's vision.

This landmark announcement coincides with Apica's unveiling of a $10 million investment backed by long-standing supporters, including Industrifonden, SEB Foundation, and Oxx. Armed with this financial fortitude, Apica envisions a future where observability solutions scale new heights, unveiling the untapped potential of tech-driven data insights.

The convergence of these strategic maneuvers casts a spotlight on Apica's trajectory. The company's steadfast commitment to observability solutions receives a turbocharged boost with the LOGIQ.AI integration, accentuating its capability to cater to enterprise clientele. Apica's resolute aim is to furnish the IT landscape with a proactive platform poised to bridge data gaps and infuse business insights with actionable context.

With this symbiotic endeavor, Apica CEO Mthias Thomsen asserts, "Our mission is to provide businesses with cost-effective, boundless storage, and observability. The LOGIQ.AI acquisition, coupled with our augmented funding, forges 'Active Observability,' a convergence of observability and synthetic monitoring. This synergy seeks to empower businesses with pertinent, real-time data."

In this shared endeavor, the future stands poised to unravel fresh dimensions in the interplay of technology, data, and transformative solutions.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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