Dynatrace (DT) announced it has signed a definitive agreement to acquire Bindplane, a company whose open-standards-based telemetry pipeline helps organizations capture and manage data at scale. “Telemetry pipelines have become a critical observability requirement in the AI era as technology teams must collect and send data to and from a plethora of sources,” said Stephen Elliot, Group VP, IDC. “Customers are purchasing solutions to control, enrich, and shape data for effective and efficient security and operations, enabling a scalable foundation for AI strategies.” The transaction is expected to close later this month, subject to customary closing conditions, and is not expected to have a material impact on Dynatrace’s FY’27 financial results.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DT:
- Dynatrace: Undervalued Growth with Durable ARR Momentum and Solid Margins Driving a Buy Rating
- Dynatrace initiated with a Neutral at Macquarie
- AI Daily: AMD, Meta expand partnership
- Truist sees Snowflake, Datadog among winners from Anthropic enterprise AI push
- Dynatrace CEO tells Technology Letter logs revenue could top $250M by FY27
