Dynatrace

About Dynatrace

Financials

Dated, source-cited figures. Estimates are marked.

Products by Dynatrace

All products by Dynatrace reviewed by our AI panel of experts.

DynatraceAI Analytics

Observability and security for cloud, applications, and infrastructure

Free7.6/10

Competitive Landscape

Who Dynatrace competes with, and how they differ.

Datadog7.0/10

The closest like-for-like rival: a unified SaaS observability platform sold to the same enterprise buyers, but priced as a la carte modules (infrastructure hosts, APM, logs, RUM) that customers assemble, versus Dynatrace's single platform licensed on consumption units. Datadog grew bottom-up from infrastructure monitoring and is stronger with cloud-native and mid-market teams; Dynatrace leads with OneAgent auto-instrumentation and Davis causal AI aimed at large, hybrid, mainframe-adjacent estates.

1 product reviewed on TopReviewed

New Relic, Inc.8.1/10

The other original APM vendor Dynatrace has competed against since the 2010s. New Relic rebuilt around a consumption model that bills on data ingest plus per-full-platform-user seats, which undercuts Dynatrace on entry price for smaller teams. Since Francisco Partners and TPG took it private in 2023 it has been less visible in large enterprise deals, where Dynatrace's automated topology and AI root-cause analysis are the differentiators.

1 product reviewed on TopReviewed

Splunk8.0/10

Comes at observability from log analytics and SIEM rather than APM, with an index-and-search model that customers run on huge volumes of machine data. Now part of Cisco, it is bundled with AppDynamics and ThousandEyes into a full-stack observability suite that competes directly for the same enterprise budget, whereas Dynatrace sells one platform with built-in causal AI instead of a portfolio.

1 product reviewed on TopReviewed

Grafana Labs8.5/10

Open-source-first: the LGTM stack (Loki, Grafana, Tempo, Mimir) can be self-hosted for free or bought as Grafana Cloud, and it is the standard escape hatch for teams pushing back on commercial observability bills. It wins on cost and OpenTelemetry neutrality but leaves correlation and root-cause work to the operator, while Dynatrace charges a premium precisely for automating that analysis.

1 product reviewed on TopReviewed

Elastic7.5/10

Builds observability on the Elasticsearch engine, so logs, metrics, traces and security analytics share one searchable datastore — attractive to organizations that already run the Elastic Stack. Licensing is per-resource-unit on Elastic Cloud or self-managed, generally cheaper at high data volumes than Dynatrace, but it lacks the automatic dependency mapping and deterministic AI root-cause engine Dynatrace sells on.

1 product reviewed on TopReviewed

Honeycomb.io8.5/10

A developer-first tracing tool built for high-cardinality, event-based debugging rather than IT-operations dashboards, priced on events ingested. It targets engineering teams debugging their own services and is far smaller than Dynatrace, but it competes for the same OpenTelemetry-instrumented cloud-native workloads and argues that query-driven exploration beats pre-built AI answers.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Dynatrace's history, with sources.

1. Aug 20, 2026Funding

   Issues $1.4375 billion of 0.00% exchangeable senior notes due 2031

   Dynatrace LLC issued $1.4375 billion aggregate principal of zero-coupon exchangeable senior notes maturing September 1, 2031 in a Rule 144A private placement, including $187.5 million from the initial purchasers' fully exercised option. The notes are unsecured and guaranteed by Dynatrace, Inc.

   sec.gov
2. Apr 14, 2026Acquisition

   Acquires Bindplane (observIQ) for $100.2 million

   Dynatrace acquired all outstanding equity of observIQ, Inc., doing business as Bindplane, for $100.2 million in cash. Bindplane's open-standards telemetry pipeline lets customers capture, filter and route observability data at the edge to cut ingest cost and mask sensitive fields before it reaches the platform.

   sec.gov
3. Mar 31, 2026Milestone

   Annual recurring revenue passes $2 billion in fiscal 2026

   For the year ended March 31, 2026 Dynatrace reported ARR of $2,054 million (up 18% year over year), total revenue of $2,018 million (up 19%), subscription revenue of $1,930 million, and GAAP income from operations of $245 million. It served roughly 4,100 customers in over 110 countries with about 5,600 employees.

   sec.gov
4. Mar 1, 2024Acquisition

   Acquires Runecast for $28.4 million

   Dynatrace acquired all outstanding equity of Runecast Solutions Limited for $26.1 million cash at closing plus $2.3 million in deferred payments, adding security compliance, vulnerability assessment and configuration management across on-premises, hybrid and multi-cloud estates.

   sec.gov
5. Aug 31, 2023Acquisition

   Acquires Rookout for $33.4 million

   Dynatrace bought all outstanding equity of Rookout, Ltd., an Israeli provider of privacy-aware live debugging for Kubernetes-hosted cloud-native applications, for $33.4 million paid from cash on hand. The deal added developer-facing runtime troubleshooting to the platform.

   sec.gov
6. Nov 15, 2021Milestone

   Rick McConnell named CEO, succeeding John Van Siclen

   The board appointed Rick McConnell, previously President of Akamai Technologies and general manager of its Security Technology Group, as CEO effective no later than December 13, 2021. John Van Siclen, CEO since 2008, retired and stepped off the board.

   sec.gov
7. Aug 1, 2019Funding

   IPO on the NYSE at $16.00 per share, raising $569.8 million gross

   Dynatrace listed on the New York Stock Exchange under the ticker DT on August 1, 2019. The offering covered 35,609,612 shares at $16.00 — 34,000,000 sold by the company and 1,609,612 by selling stockholders — for $569.8 million in gross proceeds. The stock closed its first day at $23.85; Thoma Bravo retained roughly 70.6% of shares outstanding.

   sec.gov
8. Jul 31, 2019Milestone

   Compuware and SIGOS spun off; Dynatrace, Inc. becomes a standalone company

   Thoma Bravo separated the group's three businesses: SIGOS was spun off in June 2019 and Compuware was spun off on or before July 31, 2019, with Compuware distributing $265.0 million to Dynatrace toward the spin-off tax liability. Dynatrace Holdings LLC then converted into the Delaware corporation Dynatrace, Inc.

   sec.gov
9. 2016Launch

   Dynatrace Software Intelligence Platform becomes commercially available

   Starting in 2014 the original dynaTrace engineering team rebuilt the product from the ground up as a SaaS platform for dynamic cloud environments, combining OneAgent auto-instrumentation, SmartScape topology mapping, PurePath code-level tracing and the Davis AI engine. The platform shipped commercially in 2016 and is now the company's primary offering.

   sec.gov
10. Dec 15, 2014Acquisition

    Thoma Bravo completes $2.4 billion take-private of Compuware

    Thoma Bravo closed its acquisition of Compuware Corporation in a transaction valued at approximately $2.4 billion, or $10.75 per share of aggregate value, and Compuware ceased trading on NASDAQ. The APM division became the Thoma Bravo-owned business that was later renamed Dynatrace.

    sec.gov
11. Jul 1, 2011Acquisition

    Compuware acquires dynaTrace software for $256 million

    Compuware Corporation (NASDAQ: CPWR) closed its all-cash acquisition of dynaTrace on July 1, 2011 for approximately $256 million. dynaTrace had about 180 employees and $26 million of trailing twelve-month revenue at the time; CEO John Van Siclen joined Compuware with the business.

    sec.gov
12. 2005Founded

    dynaTrace software founded in Linz, Austria

    Bernd Greifeneder, Sok-kheng Tang and Hubert Gerstmeyer founded dynaTrace software in 2005, building the PurePath transaction-tracing technology that still underpins the product. Bain Capital Ventures invested at founding; Greifeneder served as CEO until 2008 and then as CTO.

    sec.gov