Freshworks Acquires Device42, Bolstering IT Asset Management Suite

In a significant expansion of its IT service management portfolio, Freshworks Inc. FRSH announced the completion of its acquisition of Device42, a leader in asset management. The move is set to enhance Freshworks' offerings by providing customers with an all-encompassing, integrated platform focused on IT asset management.

Comprehensive Asset Management

The integration of Device42's capabilities into Freshworks' platform is designed to bring a richer asset management experience to clients. This acquisition aims to deliver a single, seamless solution that can help reduce risks associated with IT assets, resolve incidents faster, and ensure efficient tracking and management of digital infrastructure.

Strategic Expansion for Enhanced Service Delivery

With the addition of Device42, Freshworks now offers enhanced solutions that cater to the increasingly complex landscape of IT management. Organizations seeking to streamline their IT operations can potentially benefit from the blended expertise and technologies of both companies. This strategic move also underscores Freshworks' commitment to innovation and its customer-centric approach to product development.

The announcement was made on June 06, 2024, from the company's headquarters in San Mateo, California, and was distributed via GLOBE NEWSWIRE.

Acquisition, Integration, Management