Google has acquired Boston startup Stackdriver, a two-year-old company that quickly built a business around software for improving the performance of applications that run in the cloud.
Terms of the acquisition weren’t disclosed. The company had raised $15 million across two rounds of funding since its launch in mid-2012, including a $10 million Series B round last July. Investors included Bain Capital Ventures and Flybridge Capital Partners, both of Boston.
Stackdriver has been notable for having developed an enterprise product and getting paying customers — along with reaching the Series B level — within about a year of its founding.
Stackdriver will be moving from its Financial District office into Google’s Cambridge office in the coming weeks or months, a Google spokesman said.
A month ago, Stackdriver cofounder Izzy Azeri told me that the company had grown its staff to 30, adding 10 employees since just the start of the year.
The growth has come thanks to the firm’s focus on providing advanced analytics for identifying cloud application performance issues, he said at the time. Stackdriver is a replacement for IT tools that are now outdated with the arrival of the cloud era.
The company also was able to grow quickly because of its flat management structure, Azeri said. He and cofounder Dan Belcher, who previously worked together at the Cambridge office of VMware, did not give themselves titles and took responsibility for jointly managing the company, he said. The company also did not have titles for other staff members, Azeri said. Half of the company’s employees reported to Azeri and the other half to Belcher.
While the unusual accountability structure was a concern for some venture capital investors, “it’s allowed us to go fast,” he said. “Talk to Dan or I, and we’ll make a decision fast … There’s not just one person responsible for the whole company, and that alleviates pressure.”
In a statement planned for posting on the Stackdriver website, Azeri said the company will be “as agile and responsive as ever as we begin this next chapter in our journey.”
The company will be joining Google’s Cloud Platform team.
Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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