Englewood, Colorado-based cybersecurity firm Merlin International has made a $10 million investment in Centerity, a Newton, Massachusetts-based provider of performance analytics and business services management offerings.
Merlin said Tuesday Centerity will use the funds to expand its research and development center as well as its sales, marketing and distribution organizations.
Centerity developed its software to help customers gain visibility of information and operational technology environments in real time; measure the service level of every business service and process; and identify and address problems and potential issues.
The platform is designed to gather, combine and analyze data metrics from any IT and internet of things system, then use visualization tools to show a status for each business service and process.
Merlin Chairman and CEO David Phelps said the investment will help Centerity accelerate its research and development process as well as gain access to sales and distribution channels that Merlin has established over the past two decades.
Centerity President and CEO Roi Keren noted that his company will work to expand its technology capabilities such as machine learning, artificial intelligence and automation of business services management analysis through Merlin’s investment.