NEW YORK, NY – Digital Capital Advisors, a premier global investment bank dedicated to serving innovative technology companies, is pleased to announce that it has served as exclusive financial advisor to Tel Aviv-based Rookout Ltd. (“Rookout” or the “Company”), 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, on its sale to Dynatrace (NYSE: DT).
“Digital Capital Advisors is thrilled to have advised Rookout and its shareholders on the successful sale to Dynatrace. This strategic acquisition will help developers accelerate innovation and delivery of flawless and secure code releases through streamlined troubleshooting and debugging, fortifying Dynatrace’s position as the leader in unified observability and security solutions” said Andrew Daniel, Managing Director at Digital Capital Advisors.
“Observability and security have become mandatory for cloud-native development,” said Bernd Greifeneder, CTO at Dynatrace. “Dynatrace helps developers ‘shift left and shift right’ faster by embedding unified observability and security into their daily workflows. Acquiring Rookout will accelerate this process by providing developer-observability solutions that scale from a developer’s integrated development environment, or IDE. We believe the addition of Rookout to the Dynatrace platform will help developers troubleshoot and debug issues directly in production at least ten times faster than traditional solutions, dramatically reducing the time they spend on maintenance activities.”
Rookout’s addition to the Dynatrace platform will empower developers with increased code-level observability in production environments. The integration will add interactivity and control to troubleshooting and debugging in production, drastically reducing the need to replicate issues in pre-production environments. The acquisition of Rookout will enhance collaboration among development, IT and security teams, providing a unified platform for observability, security analytics and automation.
“Our mission is to make debugging easy and fast for developers with state-of-the-art quality and a simple experience,” Shahar Fogel expressed, 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.”
Founded in 2017 and headquartered in Tel Aviv, Rookout provides innovative developer-first tooling and dynamic observability solutions, enabling Dev and DevOps engineers to receive instant insights in any environment, from cloud-native to on-premises and from development to production. The Company’s technology is designed to simplify the debugging process, making it easier for developers to identify and resolve issues in complex applications without the need for traditional breakpoints or logging. With its live data collection and debugging platform, Rookout enables software engineers to handle the complexities of modern applications by providing insights into live code in real-time. For more information, please refer to the Rookout website at www.rookout.com.
Dynatrace (NYSE: DT) exists to make the world’s software work perfectly. Dynatrace’s 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. For more information, please refer to the Dynatrace website at www.dynatrace.com.
About Digital Capital Advisors
Digital Capital Advisors is the premier global investment bank dedicated to serving innovative technology companies. DCA’s global perspective is fostered by the unique composition of its team – CEOs, entrepreneurs, venture capitalists and world-class investment bankers who have helped shape the technology landscape. With offices in New York City, San Francisco, Tel Aviv and Berlin, DCA specializes in cross-border transactions and has unlocked maximum value for clients on deals spanning twenty countries around the world. Its unparalleled operational DNA, global reach and exclusive focus in the technology ecosystem further enhance its expertise and unify DCA’s professionals with its clients.