Dynatrace, Inc. (NYSE:DT) signed a definitive agreement to acquire Runecast Solutions, Ltd. on January 26, 2024. Runecast's platform and the team will join Dynatrace. Runecast Solutions entered into a definitive agreement to acquire a 100% equity interest in Runecast Solutions for $37.5 million of preliminary consideration, subject to customary post-closing adjustments.

Runecast Solutions intends to acquire Runecast utilizing a combination of cash on hand and common stock. Closing of the proposed transaction is subject to customary closing conditions and is expected to occur later in Dynatrace?s fourth quarter, which ends on March 31, 2024.