IBM, an American multinational technology and consulting company, agreed to acquire Instana, an application performance monitoring and observability company. Financial terms were not disclosed. "Our clients today are faced with managing a complex technology landscape filled with mission-critical applications and data that are running across a variety of hybrid cloud environments – from public clouds, private clouds and on-premises. IBM's acquisition of Instana is yet another important step that we are taking to provide companies with the most complete portfolio of AI-automated solutions to tackle this enormous challenge and help prevent unforeseen IT incidents that can cost a business in lost revenue and reputation," Rob Thomas, IBM Senior Vice President, Cloud and Data Platform.