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Leawood-based Stackify sells to IT company Netreo

Metro technology company Stackify LLC has sold to California IT operations firm, Netreo Inc., for an undisclosed amount. Stackify planted its roots in 2012, growing to serve thousands of customers in 50 different countries. It’s founder, Matt Watson, will become Netreo’s Chief Technology Officer.

Leawood-based Stackify LLC sold to Netreo Inc., a Huntington Beach, California, company that developed an award-winning platform for IT infrastructure management. Financial details were not disclosed. 

Founded in 2012,  Stackify created developer-centric software for monitoring an application’s performance, and detecting and resolving issues. Thousands of customers in more than 50 countries use Stackify’s technology.

Founder Matt Watson started the company after selling his majority stake in VinSolutions Inc., a company he co-founded and sold to AutoTrader.com for nearly $135 million in 2011.

Stackify marks Netreo’s second acquisition in nine months. In June, it acquired Chicago-based cloud infrastructure monitoring company CloudMonix.

Its customers include public and private entities in industries such as health care, financial services, retail and manufacturing. Netreo’s top 10 customers have a combined revenue of $240 billion.