Vista Equity Partners-backed LogicMonitor has agreed to acquire digital observability startup Catchpoint in a transaction worth more than $250m in cash, marking the company’s largest deal to date.

The acquisition strengthens LogicMonitor’s ability to monitor internet performance and user experience. Catchpoint operates more than 3,000 probes worldwide that track outages and network disruptions in real time. Chief executive Christina Kosmowski said the combined platform targets a market opportunity exceeding $25bn.

Catchpoint co-founder Mehdi Daoudi said the system can detect outages before companies announce them, noting that it spotted an Amazon Web Services disruption 16 minutes before Amazon confirmed the incident. Catchpoint’s investors include Battery Ventures and Sapphire Ventures.

Vista bought LogicMonitor in 2018 for about $415m through its Vista Foundation Fund III. The firm later sold a minority stake to PSG Equity and Golub Capital, valuing LogicMonitor at about $2.4bn. The Santa Barbara-based business provides AI-powered monitoring tools for enterprises, managed service providers, and mid-sized companies.

Jefferies and William Blair advised LogicMonitor on the acquisition, while Cantor Fitzgerald advised Catchpoint.

LogicMonitor said rising public cloud outages have made performance monitoring increasingly critical for organisations worldwide.

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