HPE to acquire OpsRamp to boost GreenLake capabilities

HPE to acquire OpsRamp to boost GreenLake capabilities

OpsRamp and HPE’s GreenLake edge-to-cloud offerings are expected to provide a unified approach to management of multicloud computing, networking, storage, and application resources.

Credit: Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) has announced its intent to acquire OpsRamp, an IT operations management (ITOM) services provider, for an undisclosed sum as it looks to boost its GreenLake capabilities.

ITOM software and services are used to manage enterprise IT — monitoring capacity, performance and availability of infrastructure as well as computing, networking, and application resources.

San Jose-headquartered OpsRamp, which was founded in 2014 by Raju Chekuri and Varma Kunaparaju, offers an AIOps platform that specialises in monitoring, automating and managing IT infrastructure, cloud resources, workloads and applications for hybrid and multicloud environments.  

“Integrating OpsRamp’s hybrid digital operations management solution with the HPE GreenLake edge-to-cloud platform — and supporting it with HPE services — will reduce the operational complexity of multi-vendor and multi-cloud IT environments that are in the public cloud, colocations, and on-premises,” the companies said in a joint statement.

HPE’s acquisition assumes significance as the ITOM market grows due to the increasing complexity of IT environments as enterprises adopt public and private clouds, edge computing infrastructure, and large databases for machine learning.

The ITOM market, according to analyst firm Gartner, is expected to reach $61.79 billion by 2026. According to an IDC survey on adoption of multicloud adoption, 64% of polled enterprises said they use multiple cloud providers, thus making the ability to manage their IT operations sprawl across heterogeneous cloud environments challenging.

“Customers today are managing several different cloud environments, with different IT operational models and tools, which dramatically increases the cost and complexity of digital operations management,” said Fidelma Russo, HPE's chief technology officer, in a press release.  

HPE has been on an acquisition spree in the last few months. In January, it acquired security services firm Axis and Pachyderm — a company that offers software based on open-source technology to automate reproducible machine learning pipelines that target large-scale AI applications. In February, the company acquired private cellular technology firm Athonet.

OpsRamp, which was one of Hewlett Packard Pathfinder’s venture capital investments in 2020, has raised $57.5 million in investment to date. Other lead investors in the company include Sapphire Ventures and Morgan Stanley Expansion Capital.

The acquisition is expected to close by July.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.



Join key decision-makers within Environmental, Social, and Governance (ESG) that have the power to affect real change and drive sustainable practices. SustainTech will bridge the gap between ambition and tangible action, promoting strategies that attendees can use in their day-to-day operations within their business.

EDGE 2023

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.


ARN has celebrated gender diversity and recognised female excellence across the Australian tech channel since first launching WIICTA in 2012, acknowledging the achievements of a talented group of female front runners who have become influential figures across the local industry.

ARN Innovation Awards 2023

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

Show Comments