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 investors include the likes of Fort Ross Ventures, TLV Partners, Emerge, Cisco Investment, LIAN Group, Mighty Capital and Binder & Partners.
Unsurprisingly, Dynatrace says it plans to embed Rookout into its existing platform and notes that this will also help it improve collaboration between development, IT and security teams, which will then be able to use a single platform for their observability needs.
“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.”
