Vista-Backed LogicMonitor Buys Monitoring Startup Catchpoint

Vista Equity Partners-backed infrastructure software company LogicMonitor is acquiring the startup Catchpoint for more than $250 million in cash.

Catchpoint would give LogicMonitor the ability to monitor user experiences across the internet, according to LogicMonitor Chief Executive Officer Christina Kosmowski.

“We’re seeing a market opportunity of over $25 billion with this acquisition and combining the two companies,” she said in an interview. Catchpoint is its largest acquisition to date.

Catchpoint co-founder and CEO Mehdi Daoudi said the New York-based company has 3,000 probes continuously collecting data that can see and hear “every tremor on the internet” and detect ...