Get the latest tech news
Freshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside SaaS firm Freshworks, undergoing a CEO transition, has acquired US-based startup Device42 for $230 million.
By providing a comprehensive and real-time inventory of all IT assets — including hardware, software, and network components — Device42 claims it can help organizations optimize resource allocation alongside broader visibility into their systems. “With more than 800 customers around the world, Device42 provides enterprise-grade IT asset management capabilities, which we believe can further strengthen our Freshservice offering,” Mathrubootham told analysts on the earnings call Wednesday. While a shift at the top is disconcerting, we gain comfort from Mr. Woodside’s strong track record and key role he has played in building out Freshworks’ Enterprise GTM motion since joining the company,” Morgan Stanley analysts wrote in a note Thursday.
Or read this on TechCrunch