Open Systems acquires Big data startup

Founded in 2017 in Bern, Sqooba uses artificial intelligence (AI) and machine learning (ML) to provide real-time visibility across enterprise operations and business applications. With its services, renewable energy companies are able to collect data from wind turbines to improve asset management, a large airport ground services company to optimize logistics, a number of retailers to enhance customer experience and network and security companies to improve operations.

Following the recent acquisitionby Open Systems, a secure access service edge (SASE) pioneer that enables organizations to connect to the cloud and the rest of the world,
Sqooba will operate as a subsidiary of Open Systems with offices in Bern, housing 30 data scientists, machine learning and software engineers.

Commenting on the motivation for acquiring Sqooba, Jeff Brown, CEO of Open Systems, says, “Sqooba’s extensive analytics capability is a natural addition to the broad network and security components of our SASE platform and will help us deliver business-critical insights to our customers. Acquiring Sqooba accelerates the 20-year lead we have over our competitors in developing our platform’s managed SD-WAN and security as a service. The combination of our managed network and security solution with Sqooba’s analytics expertise will enable enterprises to gain real-time visibility into network and application performance, laying the foundation for a transition to a full SASE architecture.”

Daniel Neuhaus, CEO of Sqooba will continue in his current role. “We’re very excited to join Open Systems to bring analytics capability to Open Systems SASE platform to give customers a unified view into their network and applications performance and security posture to empower their organizations,” said Neuhaus.

(Press release/Ran)