Freshworks, the Chennai/US-based SaaS company has acquired the US-based startup Device42 for $230 million. This is the first acquisition Freshworks has made post the company’s IPO in September, 2021 that will boost its capabilities in advanced IT asset management. Announced the entry into a definitive agreement to acquire Device42, an IT asset management company with more than 800 customers in over 60 countries, further strengthening Freshworks’ IT solutions for mid-market and enterprise companies, Freshworks said in a statement. “With this acquisition, we will be able to provide advanced asset discovery and application dependency mapping across data center and cloud environments”, he added. So, we have a product integration that allows an IT Service Management customer to easily flip into the Device42 environment.

Source: The Hindu May 04, 2024 06:36 UTC