The end of April was a busy month for BitTitan, the Seattle-based cloud-enablement company and global leader in migrations and managed services automation. BitTitan announced its acquisition of Perspectium, a San Diego-based tech company that specializes in packaged integration processes for ServiceNow® customers. Perspectium’s data synchronization software enables the seamless adoption of ServiceNow functionalities by eliminating information and data silos.

The acquisition was BitTitan’s first and marked a huge step toward realizing its vision as serving as the world’s IT gateway. By acquiring Perspectium, BitTitan – which already supports the Microsoft, Google and Amazon cloud ecosystems – expanded its footprint to include customers in the ServiceNow ecosystem and support SaaS-based IT service management (ITSM). The global cloud ITSM market is expected to grow to more than $12 billion in value by 2025.  

The acquisition was also a huge point of pride for BitTitan founder and CEO Geeman Yip, who bootstrapped the company from his garage in 2007. Before the acquisition, BitTitan raised only one round of private equity investment, a Series A capital round of $15 million from TVC Capital in 2016. The company has largely relied on its own organic growth to expand its business.

In a video to BitTitan and Perspectium employees, Yip shared his vision for how Perspectium technology will support their combined customer base. He also teased the new solutions that are on the horizon for later this year.

A range of local and national business, technology and trade publications picked up the acquisition news. Rich Freeman, executive editor with the ChannelPro Network, named BitTitan’s acquisition of Perspectium his top story of the week in his 5-minute weekly roundup. Freeman noted he was intrigued by BitTitan’s “data synchronization as a service” strategy and the potential for new cloud opportunities. He called the news a forward-looking story worth keeping an eye on, potentially opening new business for MSPs.

Below are links to the coverage this news received. While the acquisition made quite the splash within the tech industry, it appears the biggest developments are still to come.

Coverage of BitTitan’s Acquisition News:

• GeekWire, BitTitan acquires Perspectium to bolster IT service management software, April 27, 2021
• MicroScope/Computer Weekly, BitTitan gives partners more targets with Perspectium buy, April 27, 2021
• The San Diego Union-Tribune, Perspectium, founded by ex-ServiceNow engineer, gets acquired by Seattle-based startup, April 27, 2021
• ChannelBuzz, BitTitan moves into ITSM market with first-ever acquisition, April 27, 2021
• ChannelE2E, BitTitan Acquires ServiceNow ITSM Automation Partner Perspectium, April 27, 2021
• Business Technologies Daily, BitTitan Acquires ServiceNow ITSM Automation Accomplice Perspectium, April 27, 2021
• FinSMEs, BitTitan Buys Perspectium, April 27, 2021
• ChannelPro Network, BitTitan Buys ServiceNow Data Synchronization Specialist Perspectium, April 27, 2021
• The Seattle Times, Bellevue tech firm BitTitan buys software startup Perspectium, April 27, 2021
• Channel Futures, BitTitan Acquires Perspectium to Address Growing ITSM Market, April 27, 2021
• Puget Sound Business Journal, BitTitan buys San Diego data integration startup Perspectium, eyes more acquisitions, April 27, 2021
• The CyberWire, Proofpoint acquired by Thoma Bravo. KnowBe4 goes public. Sysdig raises $188 million in Series F round., April 28, 2021
• MandAsoft, Comparable to BitTitan will acquire Perspectium Corp, April 28, 2021
• ChannelPro Network, ChannelPro 5 Minute Roundup for the Week of April 26th, 2021, April 29, 2021
• ChannelPro Network, ChannelPro Weekly Podcast: Episode #184 – Supersized Meal Deals, April 30, 2021.
• SearchITChannel, Digital innovation shift shakes up IT budgets, April 30, 2021
• RT Insights, Real-time Analytics News for Week Ending May 1, May 2, 2021