WALTHAM, Mass., September 14, 2021 – 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 Dynatrace blog.