When Dell Met Moogsoft – A Tale Of Acquisition Between The Tech Giant And AIOps Startup!

Make way for another big news in the tech world!

Dell Technologies Inc., AKA Dell, the renowned tech giant that never shies away from pushing the boundaries of innovation and believes in "Innovation that stops at nothing," is making waves with its latest revelation. #DynamicMoveByDell

In the announcement on Wednesday, Dell revealed its plan to acquire AIOps (artificial intelligence operations platform) startup Moogsoft Inc. (Moogsoft) but kept the financial terms under wraps. Besides, the report says the deal is set to close in Dell's current fiscal quarter, which runs until October 28. With this announcement, Dell is making a bold move as Moogsoft is a promising startup with a cutting-edge AIOps platform. #DellMetMoogsoft

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Now let's understand what makes Moogsoft's platform so special.

Well, Moogsoft is a nifty software platform that uses AI to detect hiccups in a company's technology infrastructure and not just that – it even helps administrators get to the root of those pesky malfunctions!

Talking about history, Moogsoft has an impressive record! Launched in 2012, Moogsoft has secured over $92 million in funding across several rounds. They've gained the trust of more than 140 organizations by early 2022, including major players like American Airlines Inc. and Uber Technologies Inc.

Wait, there's more! Moogsoft has recently announced that it faced the fastest growth in two years during the first quarter of 2023!

In one of the recent reports, Phil Tee, CEO and founder of Moogsoft said, “Moogsoft is stampeding forward with record growth and achievements that are a testament to the work our team has put in to help customers succeed with observability and AIOps and propel our business forward."

No wonder Dell is pumped about this acquisition, as it can greatly boost its AIOps capabilities. #DellAIsticMove

How does Moogsoft work exactly?

By gathering diagnostics data from a company's infrastructure, Moogsoft's platform dives into the nitty-gritty to find technical issues. It keeps an eye on server outages and collects those crucial metrics that give insights into overall trends, like gradual decreases in application performance.

Moogsoft's got patented algorithms that do wonders for cutting through the data "noise." Imagine a platform that filters out 99% of the irrelevant stuff collected from a company's systems. Then, it enriches the remaining information with handy contextual details. Let's say there's an alert about an application outage – Moogsoft can even tell you which business unit is affected.

Now, that's what we call #PrettyMeticulousMoogsoft

Well, Dell promises to spill the beans on their grand plans once the Moogsoft deal is officially sealed later this quarter. Nevertheless, the tech world is excited about Dell's forward-thinking moves.

Are you excited to see what this acquisition will bring to the table? Do let us know in the comments section below.

First published on Fri, Jul 21, 2023

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Artificial Intelligence (AI)Dell Dell Technologies Moogsoft Artificial Intelligence Operations Acquisition

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