• Freshworks, a leading CRM software provider, has acquired Device42, a Connecticut-based company that helps businesses manage their IT infrastructure. Device42 had previously raised $38.5 million in funding.

• The acquisition, valued at $230 million, will allow Freshworks to expand its capabilities in the IT infrastructure management space, providing customers with a more comprehensive suite of tools to optimize their technology operations.

• The move is part of Freshworks' strategy to diversify its product offerings and solidify its position as a leading provider of enterprise software solutions. The integration of Device42's technology is expected to enhance Freshworks' ability to help customers streamline their IT management processes and improve overall operational efficiency.