Compuware Corporation Acquire dynaTrace
The APM market is undergoing a transformation,” says Chief Executive Officer of dynaTrace.
Compuware Corporation have acquired dynaTrace software (pdf,) in a $256 million cash acquisition that closed on July 1, 2011. According to the announcement, all of dynaTrace software’s existing employees, including the leadership team, are expected to remain with Compuware.
“The APM market is undergoing a transformation; old tools simply can’t meet the competitive requirements of modern applications,” said John Van Siclen, Chief Executive Officer of dynaTrace software. “We’re excited to be a part of the Compuware team, which will allow us to meet and increase the skyrocketing demand for dynaTrace solutions.”
dynaTrace provides application performance management solutions integrated in one platform, available in either Production Edition, Test Centre Edition, or Development Team Edition.