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Paessler Ag Announces Acquisition Of Swiss Technology Company Itps Ag

PRIVATESep 28, 2023

Acquiring Company

Paessler Ag

Acquired Company

Paessler Ag

Information TechnologySoftwareIT ManagementInformation TechnologySoftwareIT Management

Description

Paessler AG, a leading provider of IT, OT, and IoT monitoring solutions based in Nuremberg, Germany, announces the successful acquisition of ITPS Group, with subsidiaries in Switzerland, the Czech Republic, and Romania as well as business activities in India. This strategic development comes in the run-up to IT-SA 2023 and marks another step in Paessler's ambition to offer its customers a diversified range of individual features for any infrastructure and monitoring objective.

Quick answer

Paessler Ag is acquiring Paessler Ag, announced September 28, 2023.

How much did Paessler Ag pay for Paessler Ag?
The deal value was not disclosed.

Source: Fundz verified event record.

Other recent acquisitions in IT Management and IT Management

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Paessler Ag

About

Paessler believes monitoring plays a vital part in reducing humankind's consumption of resources. Monitoring data helps its customers save resources, from optimizing their IT, OT, and IoT infrastructures to reducing energy consumption or emissions – for our future and our environment. That is why Paessler offers monitoring solutions for businesses across all industries and all sizes, from SMB to large enterprises. Paessler works with renowned partners, and together they tackle the monitoring challenges of an ever-changing world. Since 1997, when Paessler first introduced PRTG Network Monitor, it has combined its in-depth monitoring knowledge with an innovative spirit. Today, more than 500,000 users in over 170 countries rely on PRTG and other Paessler solutions to monitor their complex IT, OT, and IoT infrastructures. Paessler's products empower its customers to monitor everything and thus help them optimize their resources. In 2023, Paessler acquired qbilon GmbH, a company that provides solutions for automatically capturing, analyzing, and optimizing hybrid IT landscapes. In times when digital transformation and exponential IT growth are key issues in large companies, Qbilon wants to contribute to keeping IT efficient and manageable with its software solutions Qbilon Cloud and Qbilon Ultimate. Learn more about Paessler and their products at www.paessler.com SOURCE Paessler AG - The Monitoring Experts

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Frequently asked

Who acquired Paessler Ag?

Paessler Ag was acquired by Paessler Ag. The deal was reported on September 28, 2023. Paessler believes monitoring plays a vital part in reducing humankind's consumption of resources. Paessler Ag is privately held and operates in Information Technology.

When did Paessler Ag acquire Paessler Ag?

Paessler Ag's acquisition of Paessler Ag was reported on September 28, 2023. Paessler AG, a leading provider of IT, OT, and IoT monitoring solutions based in Nuremberg, Germany, announces the successful acquisition of ITPS Group, with subsidiaries in Switzerland, the Czech Republic, and Romania as well as business activities in India. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Paessler Ag do?

Paessler believes monitoring plays a vital part in reducing humankind's consumption of resources. It is privately held, operating in Information Technology.

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