BitTitan, a Seattle-area cloud services provider, has acquired 75-person company Perspectium that helps organizations manage their data on ServiceNow. The sum behind the deal has not been disclosed.
- An enterprise dealing with cloud migration: BitTitan was founded in 2007, and deals with IT service providers, value-added resellers, and system integrators, helping them migrate to the cloud via its product MigrationWiz. It also sells Voleer, an IT services automation platform. This acquisition will expand BitTitan’s IT service management offerings and increase its headcount to more than 250 employees.
- Growth soars high in the last prior years: The company reported double-digit revenue growth last year with the acceleration of cloud adoption amid the pandemic. It competes with Dell, Amazon, Google, Microsoft, and others. The deal also allows the combined firms to target the IT service management market, the value of which will grow to $12.2bn by 2025.
- Vision of serving the world’s IT gateway: “This acquisition is a major step toward achieving our vision of serving as the world’s IT gateway, enabling the next generation of IT operations management, and offering the full continuum of market-leading IT solutions,” BitTitan CEO Geeman Yip said in a statement.
- A decision to empower company’s footprint into world market: Perspectium CEO David Loo will join BitTitan as chief product officer. Loo was a founding developer at ServiceNow and joined San Diego, Calif.-based Perspectium one year after it launched in 2014. “By joining BitTitan, our company will immediately increase its global footprint and enable the further innovation and growth of our data and process synchronization technologies,” he said.
- More scope for data synchronization: Yip said its channel would have more involvement in the ServiceNow ecosystem and it would add data synchronization capabilities, providing new functionality for its existing Microsoft, Google, and Amazon customers as well. “Our partners will be able to integrate applications seamlessly through Perspectium’s product offering,” he said.