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Postman Acquires Akita Software To Help Build The Future Of Api Observability

Jul 19, 2023•over 2 years ago

Acquiring Company

Postman

Acquired Company

Akita Software

San FranciscoSoftware

Description

Postman, the world’s leading API Platform, today announced it has acquired Akita Software, the company that makes monitoring and observing system behavior accessible for every developer. This is Postman’s first strategic acquisition since unveiling its vision of empowering 100 million software builders through APIs. Postman will integrate Akita’s API discovery and monitoring capabilities into its platform to deliver tooling to help organizations thrive in an API-first world.

Company Information

Company

Postman

Location

San Francisco, California, United States

About

Postman is the world’s leading API collaboration platform, used by more than 40 million developers and 500,000 organizations, including 98% of the Fortune 500. In a world that is increasingly embracing an API-first mindset, Postman is uniquely positioned to streamline API and AI application development and drive innovation through teamwork by transcending traditional testing and fostering team collaboration across the entire API development lifecycle — from creation to deployment. The company is headquartered in San Francisco with offices in Bangalore, Boston, New York City, and Tokyo. Postman is privately held, with funding from Battery Ventures, BOND, Coatue, CRV, Insight Partners, and Nexus Venture Partners.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed