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

Jul 19, 2023•about 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 platform, used by more than 17 million developers and 500,000 organizations worldwide for building and using APIs. Postman simplifies each step of the API lifecycle and streamlines collaboration, enabling users to create better APIs faster. The company is headquartered in San Francisco and has an office in Bangalore, where it was founded. Postman is privately held, with funding from Nexus Venture Partners, CRV, Insight Partners, Coatue, Battery Ventures, and BOND.

FundzWatch™ Score

High M&A Activity

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