Dynatrace to Acquire Rookout to Deliver Code Debugging in Production Environments
31 Julho 2023 - 5:15PM
Business Wire
Expansion of the Dynatrace unified
observability and security platform will enable developers to
improve release quality and deliver better customer value
Dynatrace (NYSE: DT), the leader in unified observability and
security, today announced it has signed a definitive agreement to
acquire Rookout, a provider of enterprise-ready and privacy-aware
solutions that enable developers to quickly troubleshoot and debug
actively running code in Kubernetes-hosted cloud-native
applications. The addition of Rookout to the Dynatrace® platform
will help developers accelerate innovation and delivery of flawless
and secure releases.
Developers are increasingly responsible for ensuring the quality
and security of code throughout the lifecycle. Traditional tools
and approaches, however, only allow debugging in pre-production
environments. Debugging in production often requires shutting down
services. This can disrupt the users of the running application,
slow down the application’s performance, or even crash it
altogether.
Adding Rookout to the Dynatrace platform will provide developers
with increased code-level observability into production
environments. This will also add interactivity and control to
troubleshooting and debugging in production and drastically reduce
the need to replicate issues in pre-production environments. The
addition of Rookout to the Dynatrace platform will also improve
collaboration across development, IT, and security teams by
empowering them with a single platform for observability and
security analytics and automation.
“Development teams are increasingly expected to incorporate
observability and security capabilities into their solutions
(shift-left) as well as perform testing, quality, and performance
evaluation in production environments (shift-right),” said Bernd
Greifeneder, CTO at Dynatrace. “We believe acquiring Rookout will
accelerate this process by providing our customers with
developer-observability solutions that scale from a developer’s
integrated development environment, or IDE, and are designed to
enable their organizations to meet enterprise governance
requirements. Our experience is that Rookout enables developers to
troubleshoot and debug issues in production significantly faster
than traditional tools and approaches, dramatically reducing the
time they spend on maintenance activities.”
“Our mission is to make debugging easy and fast for developers
with state-of-the-art quality and a simple experience,” said Shahar
Fogel, CEO at Rookout. “We believe integrating Rookout into the
Dynatrace platform and leveraging the AI and automation
capabilities Dynatrace is known for will accelerate this mission.
This will also create a new standard for how engineers use
developer-first, cloud-native observability to improve productivity
by enabling them to spend less time on manual activities and more
time delivering business value.”
Dynatrace plans to provide a seamless experience for customers
by embedding Rookout into its unified observability and security
platform.
Closing of the proposed transaction is subject to customary
closing conditions and is expected to occur later in the company’s
second quarter, which ends on September 30, 2023. The proposed
transaction will not have a material impact on Dynatrace’s fiscal
year 2024 financials and will be funded from cash on hand.
About Dynatrace
Dynatrace (NYSE: DT) exists to make the world’s software work
perfectly. Our unified platform combines broad and deep
observability and continuous runtime application security with the
most advanced AIOps to provide answers and intelligent automation
from data at an enormous scale. This enables innovators to
modernize and automate cloud operations, deliver software faster
and more securely, and ensure flawless digital experiences. That’s
why the world’s largest organizations trust the Dynatrace® platform
to accelerate digital transformation.
Curious to see how you can simplify your cloud and maximize the
impact of your digital teams? Let us show you. Sign up for a free
15-day Dynatrace trial.
Cautionary Language Concerning Forward-Looking
Statements
This press release includes certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding the anticipated benefits of
the Rookout acquisition, the expected time for closing of the
proposed acquisition, the impact of the proposed acquisition on
Dynatrace’s fiscal year 2024 financials, and the source of funding
of the transaction. These forward-looking statements include all
statements that are not historical facts and statements identified
by words such as “will,” “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” and words of similar
meaning. These forward-looking statements reflect our current views
about our plans, intentions, expectations, strategies, and
prospects, which are based on the information currently available
to us and on assumptions we have made. Actual results may differ
materially from those described in the forward-looking statements
and will be affected by a variety of risks and factors that are
beyond our control, including risks set forth under the caption
“Risk Factors” in our Annual Report on Form 10-K for the fiscal
year ended March 31, 2023 and our other SEC filings. We assume no
obligation to update any forward-looking statements contained in
this document as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731269171/en/
Kara McCrudden kara.mccrudden@dynatrace.com
Dynatrace (NYSE:DT)
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