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Dynatrace

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Dynatrace, Inc.
Company typePublic company
Industry
Founded2005; 19 years ago (2005)
HeadquartersWaltham, Massachusetts, U.S.[1]
Area served
Worldwide
Key people
  • Rick McConnell (CEO)
  • Bernd Greifeneder (CTO)
  • Jim Benson (CFO)
  • Laura Heisman[2] (CMO)
  • Dan Zugelder (CRO)
  • Matthias Dollentz-Scharer (CCO)
  • Nicole Fitzpatrick (CLO)
  • Colleen Kozak (CTO)
  • Susan Quackenbush (CPO)
  • Steve Tack[3] (CPO)
RevenueIncrease US$1.344 billion (2023)
Increase US$93 million (2023)
Increase US$108 million (2023)
Total assetsIncrease US$2.77 billion (2023)
Total equityIncrease US$1.60 billion (2023)
Number of employees
c. 4,180 (2023)
Websitewww.dynatrace.com
Footnotes / references
Financials as of March 31, 2023.[4]

Dynatrace, Inc. is a global technology company that provides a software observability platform based on artificial intelligence (AI) and automation. Dynatrace technologies are used to monitor, analyze, and optimize application performance, software development and security practices, IT infrastructure, and user experience for businesses and government agencies throughout the world.[5][6]

The Dynatrace observability platform uses a proprietary form of AI called Davis to discover, map, and monitor applications, microservices, container orchestration platforms such as Kubernetes, and IT infrastructure running in multicloud, hybrid-cloud, and hyperscale network environments. The platform also provides automated problem remediation[7][8][9] and IT carbon impact analysis.[10][11][12] The Dynatrace platform provides observability of the full solution stack in order to simplify the complexity of cloud native computing, and accelerate an organization's digital transformation and cloud migration.[13]

Product

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The Dynatrace unified observability and security platform uses AI to provide infrastructure monitoring, applications and microservices monitoring, application security, digital experience, business analytics, and cloud automation[14] capabilities. Dynatrace also provides the Dynatrace Hub, which publishes Dynatrace applications for specific observability use cases[15] and integrations with more than 620 technologies including Amazon Web Services (AWS), Docker, Java, and Prometheus.[16]

The Dynatrace platform consists of the following technologies:

  • OneAgent for automated data collection
  • Smartscape for continuously updated topology mapping and visualization
  • PurePath for code-level distributed tracing
  • AppEngine for building custom applications based on observability, security, and business data[17]
  • AutomationEngine for building custom automated DevOps workflows
  • Grail data lakehouse[18] with indexless, schema-on-read[19] storage for contextual data analytics and management using massively parallel processing and the proprietary Dynatrace query language (DQL),[20][21][22] which uses a sequence of commands to chain (pipe) data processing operations.
  • Davis, a proprietary AI engine that combines multiple AI techniques including causal-AI for automatic root-cause fault-tree analysis,[23] predictive analytics, and generative AI.[24][25][26]

Dynatrace provides multicloud observability to both SaaS and managed service deployment models, in partnership with service providers including Amazon Web Services, Microsoft Azure, Google Cloud Platform, among others.[27]

Open source contributions

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Dynatrace invests in building DevOps and SRE automation[28] and contributes developments to the Cloud Native Computing Foundation (CNCF), including the contribution of Keptn,[29][30] an open-source pluggable control plane for cloud-native application lifecycle orchestration. Dynatrace is a key contributor and investor in open-source community activities around observability and performance.[31] Examples include W3C Trace Context, of which Dynatrace is a founding member and co-chair; OpenTelemetry; and OpenFeature.[32] Other open-source technologies Dynatrace contributes to include MONACO, Barista, and Dynahist.[33]

The Dynatrace REST API can be used to retrieve or ingest data.[34]

History

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Dynatrace was founded by Bernd Greifeneder, Sok-Kheng Taing and Hubert Gerstmayr on February 2, 2005 in Linz, Austria as dynaTrace Software GmbH,[35] and was acquired by Compuware in 2011. In 2014, the private equity firm Thoma Bravo took the company private, and the Compuware APM group was renamed Dynatrace.[36][37] Dynatrace established the Digital Performance Management category in late 2014.[38]

On August 1, 2019, Dynatrace completed its initial public offering.[39]

Image of people celebrating with confetti outside the New York Stock Exchange with a Dynatrace corporate banner that states 'Because the world needs software to work perfectly.'
Celebration of Dynatrace's initial public offering at the New York Stock Exchange on 1 August 2019.

Dynatrace headquarters is located in Waltham, Massachusetts, with research and development labs based in various locations across Austria, Estonia, Poland, Spain, Israel, and the United States.[40] Dynatrace also hosts 60 further offices globally, including Australia, Brazil, Singapore, and the United Kingdom.

Acquisitions

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Keynote Systems: In 2015, Dynatrace was merged with Keynote Systems, a rival provider of Application Performance Management (APM) services, which private equity firm Thoma Bravo had also acquired.[41] Keynote, founded in 1995, had been an early provider of Internet performance metrics, including its "Keynote perspective" product in 1996, the Business 40 Internet Performance Index in 1997, and its Streaming Perspective product in 2000.

Matrix.net (Matrix Information and Directory Services, Xaffire): Among the Keynote acquisitions which were eventually merged into Dynatrace were Xaffire Inc., whose Austin business unit Keynote acquired in December 2003, and which itself had emerged from the combination of Alignment Software Inc. with Matrix NetSystems, also known as Matrix.net and Matrix Information and Directory Services Inc. Matrix, operated by early Internet pioneer John Quarterman, was well-known for its Internet host censuses and its statistical maps and "weather reports" of the Internet.[42]

Qumram: On November 9, 2017, Dynatrace announced the acquisition of Qumram, a company offering advanced session replay technology for mobile and web applications.[43]

SpectX: On September 14, 2021, Dynatrace completed the acquisition of high-speed parsing and query analytics company,[44] SpectX.

Rookout: On July 31, 2023, Dynatrace announced the acquisition of Rookout, a company that offers a developer-first observability platform. [45]

Industry recognition

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Dynatrace was named a Leader in the 2023 Gartner Magic Quadrant for APM and observability, and positioned furthest for vision and highest in execution.[46] Dynatrace was also recognized as a Customer's Choice and ranked #1 across all six use cases in the 2023 Gartner Peer Insights voice of the customer for APM and observability.[47]

In 2022 Dynatrace received 3 major awards, best place to work at 2022, best global culture 2022, and best company outlook 2022.[48]

In 2022, Gartner again named Dynatrace a Leader in its 2022 Gartner Magic Quadrant for APM and Observability.[49]

In 2021, Gartner named Dynatrace a Leader in 2021 Gartner Magic Quadrant APM report for the 11th consecutive time.[50] Gartner also scored Dynatrace highest in five of six use cases in the 2021 Gartner Critical Capabilities for APM report.[51]

Dynatrace was named a 2021 Best Large Company to Work For by Built In Boston.[52]

GigaOm recognized Dynatrace as a "Leader" and "Outperformer" in the 2021 GigaOm Radar for AIOps solutions.[53]

Dynatrace was named a Customers' Choice in the September 2021 Gartner Peer Insights 'Voice of the Customer': Application Performance Monitoring report.[54]

Dynatrace was named a Leader in cloud-native observability in the 2021 ISG Provider Lens – Container Services & Solutions Report.[55]

Forrester recognized Dynatrace as Leader in the 2020 Forrester Wave: AIOps Report.[56]

G2 users rated Dynatrace the No. 1 observability platform in 2020.[57]

The AI Breakthrough Awards recognized Dynatrace as the best overall AI-based analytics company for business intelligence and analytics.[58]

The Constellation Shortlist named Dynatrace as one of the top seven companies in their Shortlist for Digital Performance Management.[59]  

References

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  1. ^ "Locations" www.dynatrace.com. Retrieved 2021-09-14.
  2. ^ "Dynatrace Appoints Laura Heisman as Chief Marketing Officer". finance.yahoo.com. 2024-01-10. Retrieved 2024-01-16.
  3. ^ "Dynatrace Leadership". www.dynatrace.com. 2024-05-15. Retrieved 2024-05-15.
  4. ^ "Dynatrace, Inc: Annual report for year ending March 31, 2023". SEC.gov. U.S. Securities and Exchange Commission. 2023-05-25.
  5. ^ Costello, Mike (2023-07-31). "What's Changed: 2023 Magic Quadrant for APM and Observability". Best Network Monitoring Vendors, Software, Tools and Performance Solutions. Retrieved 2023-10-04.
  6. ^ Kramer, Robert. "RESEARCH NOTE: Dynatrace Elevates Data Observability and Monitoring with AI Automation". Moor Insights & Strategy. Retrieved 2024-01-22.
  7. ^ DeFrancesco, Robert. "Dynatrace Helps Cloud Software Run At Peak Performance". Forbes. Retrieved 2020-07-24.
  8. ^ "Dynatrace Deepens AI Ties to Kubernetes". Container Journal. 2020-02-05. Retrieved 2020-09-14.
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  10. ^ Panettieri, Joe (2023-09-22). "IT Infrastructure, Data Center and Multi-Cloud Sustainability: Dynatrace Touts IT Carbon Footprint App". Sustainable Tech Partner for Green IT Service Providers. Retrieved 2024-01-22.
  11. ^ Saunders, Cameron (2023-02-17). "Dynatrace's new Carbon Impact app optimises cloud data". sustainabilitymag.com. Retrieved 2024-01-22.
  12. ^ "Dynatrace delivers real-time insights into the carbon footprint of hybrid and multi-cloud ecosystems". Intelligent CIO North America. Retrieved 2024-01-22.
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  21. ^ "Dynatrace's new Grail technology to unify observability data from cloud-native and multicloud environments". SiliconANGLE. 2022-10-04. Retrieved 2022-10-27.
  22. ^ "Dynatrace expands analytics functionality with Grail". Techzine Europe. 5 October 2022. Retrieved 2022-10-27.
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  27. ^ "Dynatrace SaaS and Managed | amasol.de". amasol.de (in German). Archived from the original on 2020-09-23. Retrieved 2020-09-14.
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  31. ^ "Dynatrace Engineering - Open Source". engineering.dynatrace.com. Retrieved 2021-11-23.
  32. ^ Carey, Scott (2022-05-19). "OpenFeature feature flag project applies for CNCF sandbox project status". InfoWorld. Retrieved 2022-07-16.
  33. ^ "Open Source | Dynatrace Engineering". engineering.dynatrace.com. Retrieved 2022-07-16.
  34. ^ Sundstrom, Kevin (2020-03-19). "Dynatrace Enables Automated Monitoring with All-New Environment API". ProgrammableWeb. Retrieved 2022-07-16.
  35. ^ "dynaTrace software GmbH" Archived 2017-09-08 at the Wayback Machine FirmenABC. Retrieved 2015-01-19.
  36. ^ "Compuware: When one becomes two" Computing.co.uk. Retrieved 2015-01-19.
  37. ^ "Compuware: Five questions with new Dynatrace CEO John Van Siclen on APM and company’s future" SD Times. Retrieved 2014-12-23.
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  39. ^ Cai, Kenrick. "Dynatrace's Stock Climbed 49% In Market Debut. Its CEO Recalls How A Dinner In Austria Put The Gears In Motion". Forbes. Retrieved 2020-07-24.
  40. ^ "Dynatrace Engineering - Labs". engineering.dynatrace.com. Retrieved 2021-09-14.
  41. ^ Marvin, Rob (26 June 2015). "What the Dynatrace/Keynote merger means for APM". Software Development Times. Retrieved 17 February 2022.
  42. ^ Dodge, Martin. "MIDS Maps the Internet World". Mappa Mundi Magazine. Retrieved 17 February 2022.
  43. ^ "Dynatrace Acquires Qumram, Adding New Dimension to Digital Experience and Expanding R&D". www.businesswire.com. 2017-11-09. Retrieved 2023-02-28.
  44. ^ "Dynatrace acquires SpectX, accelerating the convergence of observability and security". www.businesswire.com. 2021-09-14. Retrieved 2021-11-23.
  45. ^ "Dynatrace acquiring Israeli startup Rookout for $50-60 million". www.calcalistech.com. 2023-07-31. Retrieved 2023-08-03.
  46. ^ Soni, Khushbu (2023-07-12). "Dynatrace named a Leader and positioned furthest for vision and highest in execution in the 2023 Gartner Magic Quadrant for APM and observability - CIO News". Retrieved 2024-01-22.
  47. ^ "Dynatrace Recognized as a Customers' Choice in the 2023 Gartner Peer Insights™ Voice of the Customer for Application Performance Monitoring and Observability Report". www.businesswire.com. 2024-01-11. Retrieved 2024-01-22.
  48. ^ "Dynatrace awards". comparably.com. 6 December 2022. Retrieved 6 December 2022.
  49. ^ "Dynatrace Named a Leader in Gartner® Magic Quadrant™ for APM and Observability". www.businesswire.com. 2022-06-13. Retrieved 2022-07-16.
  50. ^ "Dynatrace once again named a Leader in 2021 Gartner Magic Quadrant for Application Performance Monitoring". mytechdecisions.com. 14 April 2021. Retrieved 2021-04-27.
  51. ^ "Dynatrace Received Highest Scores Across Five of Six Use Cases in Latest Gartner Critical Capabilities for Application Performance Monitoring Report". www.businesswire.com. 2020-04-24. Retrieved 2020-09-12.
  52. ^ "100 Best Large Companies to Work For". Built In. January 1983. Retrieved 2021-08-10.
  53. ^ "Dynatrace Named Leader and Outperformer in GigaOm Radar for AIOps Solutions". www.businesswire.com. 2021-09-07. Retrieved 2021-11-23.
  54. ^ "Dynatrace Rated Highest in 2021 Gartner Peer Insights Customers' Choice for Application Performance Monitoring". www.businesswire.com. 2021-09-15. Retrieved 2021-11-23.
  55. ^ "Dynatrace named a Leader in cloud-native observability in the 2021 ISG Provider Lens™ – Container Services & Solutions Report". www.businesswire.com. 2021-10-13. Retrieved 2021-11-23.
  56. ^ "Dynatrace Named a Leader in Artificial Intelligence for IT Operations (AIOps) Report by Independent Research Firm". www.businesswire.com. 2020-11-05. Retrieved 2021-08-10.
  57. ^ "CORRECTING and REPLACING G2 Reviewers Rate Dynatrace's AI-Powered Observability Platform the Leader". www.yahoo.com. Archived from the original on 2021-05-06. Retrieved 2020-09-12.
  58. ^ "2020 Winners | AI Breakthrough Awards". Retrieved 2020-09-12.
  59. ^ Wang, R. "Ray" (2020-08-19). "Constellation ShortList™ Digital Performance Management". Constellation Research Inc. Retrieved 2020-09-12.
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