Hewlett Packard Enterprise (HPE) has declared its intent to get OpsRamp, an IT functions management (ITOM) solutions company, for an undisclosed sum as it appears to be like to boost its GreenLake capabilities.

ITOM program and services are applied to regulate enterprise IT — monitoring ability, functionality and availability of infrastructure as well as computing, networking, and application assets.

San Jose-headquartered OpsRamp, which was established in 2014 by Raju Chekuri and Varma Kunaparaju, features an AIOps system that specializes in checking, automating and managing IT infrastructure, cloud methods, workloads and applications for hybrid and multicloud environments.  

“Integrating OpsRamp’s hybrid electronic operations administration answer with the HPE GreenLake edge-to-cloud platform — and supporting it with HPE products and services — will reduce the operational complexity of multi-seller and multi-cloud IT environments that are in the community cloud, colocations, and on-premises,” the organizations stated in a joint statement.

HPE’s acquisition assumes significance as the ITOM industry grows thanks to the escalating complexity of IT environments as enterprises undertake public and private clouds, edge computing infrastructure, and substantial databases for machine understanding.

The ITOM industry, according to analyst agency Gartner, is anticipated to achieve $61.79 billion by 2026. According to an IDC survey on adoption of multicloud adoption, 64% of polled enterprises claimed they use multiple cloud providers, thus earning the means to manage their IT functions sprawl across heterogeneous cloud environments difficult.

“Customers now are managing numerous distinct cloud environments, with different IT operational styles and equipment, which radically raises the charge and complexity of digital functions administration,” mentioned Fidelma Russo, HPE’s main technological know-how officer, in a push release.  

HPE has been on an acquisition spree in the last couple of months. In January, it obtained stability expert services agency Axis and Pachyderm — a corporation that presents software centered on open up-source engineering to automate reproducible device mastering pipelines that concentrate on huge-scale AI purposes. In February, the business acquired personal mobile know-how agency Athonet.

OpsRamp, which was one particular of Hewlett Packard Pathfinder’s venture money investments in 2020, has elevated $57.5 million in financial investment to day. Other lead investors in the firm include things like Sapphire Ventures and Morgan Stanley Expansion Capital.

The acquisition is envisioned to shut by July.