SevOne, a company that creates performance monitoring solutions, has purchased time series data analytics firm RapidEngines, according to IT World Canada. The financial terms of the acquisition deal were not disclosed in the said report.

SevOne chief executive officer (CEO) Jack Sweeney said of the deal: "SevOne's patented architecture provides unique value to organizations that rely heavily on the uninterrupted performance of their networks and data centers. The acquisition of RapidEngines will enhance SevOne's customers' ability to proactively identify and resolve performance issues by adding log data analytics to their troubleshooting process."

Under the terms of the transaction, SevOne will now be able to provide its customers access to automated collection of log data. This capability will be used by enterprises and service provider to build the profiles of their users, the report explained.

The company's flagship product is SevOne Cluster. This tool uses distributed computing to gather factors used for performance evaluation. It also alerts the user when the performance deviates from the set standards, IT World Canada reported.