Dynatrace (a leader in unified observability and security) announced it signed a definitive agreement to acquire Runecast (a provider of AI-powered security and compliance solutions). Integrating Runecast into the Dynatrace platform will extend Dynatrace contextual security protection and analytics with Runecast security posture management.
This enables customers to address the risks of misconfigurations and compliance violations in hybrid and multi-cloud ecosystems proactively based on AI-driven, automated, real-time vulnerability assessments. Additionally, it will allow customers to perform threat detection and incident response with full context detailing their security vulnerabilities, affected applications, risk levels, and attack vectors.
Cloud-native technologies have been transforming businesses but they have made security more complex. Organizations face challenges integrating existing security analytics tools and eliminating security gaps in applications and they need a unified and context-rich approach for observability, security, and compliance to safeguard workloads and applications throughout the software delivery lifecycle. By adding Runecast, Dynatrace will expand on the platform’s cloud-native application security protection capabilities and help customers achieve these goals.
Dynatrace plans to offer a seamless experience for customers by embedding Runecast into its unified observability and security platform. And the 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. The proposed transaction will not have a material impact on Dynatrace’s financial results.
KEY QUOTES:
“Security posture management is a well-known and vital market, because every organization needs it and has prioritized it in their technology investments for improved security. We believe Dynatrace is differentiated in this market as the only platform leveraging contextual observability and security analytics for cloud-native applications to provide end-to-end protection, detection, and response. Dynatrace enables users to not only identify and analyze vulnerabilities and threats automatically but also to measure and improve risk exposure and compliance status and perform advanced security analytics and automation. Runecast’s technology will enhance this advantage, elevating our runtime vulnerability analytics and protection and helping our customers to keep their clouds audit ready all the time. We look forward to welcoming Runecast to the platform and the team to Dynatrace.”
– Bernd Greifeneder, CTO at Dynatrace
“At Runecast, we aim to provide organizations with real-time, automated, and actionable insights for security compliance, vulnerability assessment, and configuration management of their hybrid and multicloud environments. We are excited to join Dynatrace, the leader in observability and application security, to deliver a comprehensive Cloud-Native Application Protection Platform (CNAPP) that addresses two critical questions for our customers: ‘How secure are we?’ and ‘How compliant are we?’”
– Stanimir Markov, CEO at Runecast
