Travers Smith LLP has advised the ITRS Group ("ITRS"), the leading provider or real-time monitoring and analytics, on the acquisition of Uptrends. Uptrends, based in the Netherlands, provides market leading monitoring tools to enable customers to stay in control of the uptime, performance, and functionality of websites, APIs, and servers.
Guy Warren, CEO at ITRS, said: “With a combined experience of almost four decades, Uptrends has huge strength in synthetic and real user monitoring, while ITRS is serving some of the most demanding requirements of enterprise clients. This acquisition creates an opportunity to leverage expertise and offerings to benefit our customers".
The purchase of Uptrends follows ITRS’ strategy to build, buy and partner to deliver smart, automated and predictive end-to-end monitoring solutions for increasingly complex IT estates across industries. This development follows the successful acquisitions of Sumerian and OP5 on which Travers Smith also advised ITRS.
The Travers Smith team was led by Private Equity and Financial Sponsors Partner Ian Shawyer supported by Senior Associate Tom Hartwright and Associate Rachel Taggart. Finance advice was provided by Finance Partner Donald Lowe supported by Senior Associate Jonathan Clapshaw and Associate Michael Leadbeater.
Local law advice in the Netherlands was provided by Houthoff.