ServiceNow is acquiring Swarm64, a Berlin-based database performance software company. The financial terms of the transaction were not disclosed.
This is the 494th technology M&A transaction covered by ChannelE2E so far in 2021.
Joe Davis, Senior Vice President of ServiceNow Platform Engineering
The buyer stated that in this transaction, Swarm64 will help ServiceNow improve its ability to extend digital workflows.
Joe Davis, Senior Vice President of Platform Engineering at ServiceNow, said in a prepared statement about the transaction:
“The customer environment has experienced explosive growth in data volumes. Swarm64’s expertise in database performance and scalability allows us to plan for the future by helping us provide customers with increasingly larger and smarter workflows.”
Swarm64 database business background, venture capital
Swarm64 was founded in 2013 and has 30 employees on LinkedIn. The software developed by the company combines analysis and transaction database functions. The main products of Swarm64 include Swarm64 database accelerator, PG Nitrous, PostgreSQL cloud database and PostgreSQL performance engineering support.
Swarm64 received venture capital before the M&A transaction. Xilinx invested an undisclosed amount in Swarm64 in 2019. Previously, Swarm64 raised $12.5 million in Series B financing in 2018, led by Intel Capital and Investinor. 2015 A round of financing of 7.1 million euros
Swarm64’s existing partnerships span two categories:
- Support and service partners such as 2ndQuadrant PostgreSQL, Command Prompt Inc., Credative, CynerTec, EDB Postgres, and Hopla Software.
- Platform partners such as Amazon Web Services (AWS), Microsoft Azure, OVHcloud, Hewlett Packard Enterprise, Intel, Nutanix and Xilinx.
ServiceNow’s business evolution: organic and acquisition
Erica Volini, Senior Vice President of ServiceNow
ServiceNow CEO Bill McDermott
ServiceNow is known for its IT Service Management (ITSM) software. But the company has grown to provide more workflow automation opportunities in areas such as human resources, finance, and security operations.
ServiceNow CEO Bill McDermott (Bill McDermott) was a leader of SAP, and he has been driving business development. The recent results are impressive: the company’s revenue for the second quarter of 2021 was $1.4 billion, an increase of 32% over the same period last year.
The growth strategy also involves the development of ServiceNow’s partner ecosystem. To this end, ServiceNow hired Deloitte Consulting veteran Erica Volini in August 2021 as the senior vice president of global alliance and channel ecosystem (ACE) listing (GTM) operations.
Other insights from Joe Panettieri.
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