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Dynatrace (NYSE: DT) announced the successful acquisition of SpectX, a company specializing in high-speed parsing and query analytics. This strategic move aims to enhance the convergence of observability and security in hybrid, multicloud environments, crucial for managing an exponential increase in data—projected to reach 79 zettabytes in 2021. The integration of SpectX's technology is expected to bolster Dynatrace's analytics capabilities, enabling real-time data analysis for leading organizations, while expanding its market presence and competitive edge.
Positive
Acquisition of SpectX will enhance Dynatrace's observability and application security analytics capabilities.
Expected to support the analysis of rapidly increasing data volumes, projected at 79 zettabytes in 2021.
Strengthens Dynatrace's competitive positioning in cloud observability and digital transformation.
Integration of exceptional talent from SpectX to drive innovation and scaling.
Negative
None.
SpectX technology to be embedded inside the industry’s leading Software Intelligence Platform, trusted by the innovators driving digital transformation in the world’s largest organizations
WALTHAM, Mass.--(BUSINESS WIRE)--
Software intelligence company Dynatrace (NYSE: DT) today announced it has completed the acquisition of high-speed parsing and query analytics company, SpectX. This acquisition will accelerate the convergence of observability and security for modern hybrid, multicloud environments. These environments are defined by continuous change, with an exponentially expanding volume of observability and security data that must be analyzed in context and in real time to enable autonomous operations. With the acquisition of SpectX, Dynatrace will advance its Software Intelligence Platform’s observability and application security analytics capabilities even further.
“Market-leading innovation is core to the Dynatrace culture, and we are always looking for ways to accelerate this and embrace exceptional talent to help us scale,” said Bernd Greifeneder, founder, and CTO at Dynatrace. “With SpectX, we are fulfilling both goals. Its advanced analytics solution fits seamlessly into our product roadmap, while its exceptionally talented team will extend our ability to help the world’s leading organizations accelerate digital innovation. Ultimately, this acquisition will empower us to leap even further ahead of our competition in terms of differentiation and value for these organizations.”
According to projections from Statista, 79 zettabytes of data – or 79 trillion gigabytes – will be created in 2021. That’s twice the amount of data produced just two years ago, and growth at this pace is forecasted to continue into the foreseeable future. To analyze this data in real time, and to assure the performance and security of clouds and the applications that run on them, the combination of high-speed, AI-powered analytics and advanced automation is an absolute requirement – especially for the world’s largest, market-leading organizations.
“We are excited to join Dynatrace and bring our powerful parsing and query analytics technology to its customers,” said Renee Trisberg, co-founder, CEO, and CTO at SpectX. “Combining forces with Dynatrace’s best-in-class cloud observability, AIOps, and application security capabilities provides us the opportunity to impact digital transformation around the globe faster and with more impact than we could have accomplished alone, and that is truly exciting.”
For additional information, please visit the Dynatraceblog.
About Dynatrace
Dynatrace provides software intelligence to simplify cloud complexity and accelerate digital transformation. With automatic and intelligent observability at scale, our all-in-one platform delivers precise answers about the performance and security of applications, the underlying infrastructure, and the experience of all users to enable organizations to innovate faster, collaborate more efficiently, and deliver more value with dramatically less effort. That’s why many of the world’s largest organizations trust Dynatrace®️ to modernize and automate cloud operations, release better software faster, and deliver unrivalled digital experiences.
Curious to see how you can simplify your cloud? Let us show you. Visit our trial page for a free 15-day Dynatrace trial.
To learn more about how Dynatrace can help your business, visit www.dynatrace.com, visit our blog and follow us on Twitter @dynatrace.
What is the significance of Dynatrace acquiring SpectX?
The acquisition enhances Dynatrace's capabilities in observability and security analytics, crucial for managing large data volumes in cloud environments.
How does SpectX's technology benefit Dynatrace?
SpectX provides high-speed parsing and query analytics, which will improve Dynatrace's Software Intelligence Platform and enable real-time data analysis.
What impact will the acquisition of SpectX have on Dynatrace’s market position?
It is expected to strengthen Dynatrace's competitive edge in cloud services and accelerate digital transformation for its clients.
When was the acquisition of SpectX completed by Dynatrace?
Dynatrace announced the completion of the acquisition of SpectX on September 14, 2021.
What is the future outlook after Dynatrace's acquisition of SpectX?
The acquisition is anticipated to enable Dynatrace to deliver enhanced value to its customers and drive faster digital innovation.
