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Category: observability

Category: observability

Dynatrace acquires cloud-native debugging platform Rookout

Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production. Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level observability into production environments. Dynatrace expects the transaction to close before September 30. The two companies did not disclose the acquisition price, but Rookout previously raised a total of $28 million, including a $16 million Series B round it announced a year ago. The company’s

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New Relic agrees to go private in $6.5B all-cash deal

New Relic, the San Francisco-based observability software company, has reached an agreement with private equity firms TPG and Francisco Partners to go private in a $6.5 billion all-cash deal. As reported by CNBC, TPG and Francisco Partners were able to salvage a deal that initially fell through months ago after securing enough debt financing to meet New Relic’s desired valuation. Major shareholders, including CEO Lew Cirne and activist hedge fund Jana Partners, have signed off. Under the terms of the agreement, New Relic will have a 45-day “go-shop” period during which it can entertain offers from other qualified bidders. But

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