Dynatrace ($DT) To Acquire Rookout, A Cloud-Native Debugging Platform

Dynatrace ($DT) To Acquire Rookout, A Cloud-Native Debugging Platform
Dynatrace has announced plans to acquire Rookout, a Tel Aviv-based observability startup.
This strategic move will boost Dynatrace's capabilities in code-level observability in production environments.
The details of the transaction, expected to conclude by September 30th, haven't been disclosed.
The acquisition underscores an aim to enhance teamwork among development, IT, and security teams by offering a single platform for their observability needs.
With a significant uptick in Dynatrace's stock ($DT) over the past 3 months – rising from $42.39 on May 1st to $54.89 today – this latest acquisition further reinforces the company's growth trajectory.

I wrote about the performance of Dynatrace and Datadog ($DDOG) in this [article](https://newsletter.developertoolsindex.com/p/digitalocean-111m-acquistion-snowflake-partnerships-and-more).
For more details about the acquisition, visit TechCrunch [here](https://techcrunch.com/2023/07/31/dynatrace-acquires-cloud-native-debugging-platform-rookout/).