SevOne

SevOne, Inc.

File:SevOneLogoWblocks.png
Company type	Private
Industry	Network Management Server Monitoring Application Monitoring
Founded	2005
Founders	Vess Bakalov Tanya Bakalov
Headquarters	Boston, MA , United States of America
Key people	Jim Melvin COO
Number of employees	250+
Parent	Turbonomic (2019-present)
Website	www.SevOne.com

SevOne is a software firm established in 2005, its name derived from the colloquial term for critical "severity one" network performance events.

In 2019, Turbonomic acquired SevOne. Subsequently, in 2021, IBM purchased Turbonomic and incorporated SevOne’s solutions into IBM SevOne Network Performance Management (NPM), a platform providing comprehensive monitoring and analytics across digital infrastructures such as networks, servers, and cloud data centers.

History

SevOne was launched in 2005 in Newark, Delaware by computer scientists from the University of Delaware alongside network architects experienced in financial services. The company gained initial capital through Osage Ventures with a Series A funding round in 2007, followed by additional investment in 2009.

In January 2013, Bain Capital invested $150 million into SevOne. Later, in September 2015, the company completed a $50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures, with contributions from Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners.

Turbonomic acquired SevOne in November 2019. In April 2021, IBM announced its acquisition of Turbonomic, thereby integrating SevOne into IBM’s suite of offerings.