Summary
- Dynatrace has filed proposed terms for its $427 million IPO.
- The firm sells IT monitoring software and services to enterprises.
- DT is growing moderately, has a heavy debt load, and the IPO appears pricey, so I'll be watching it from the sidelines.
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Quick Take
Dynatrace (DT) has filed to raise gross proceeds of up to $427 million from a U.S. IPO, according to an S-1/A registration statement.
The firm provides a cloud-focused software intelligence platform for monitoring IT operations.
DT has worsening operating and net results metrics, heavy debt, and the IPO is pricey.
Company & Technology
Waltham, Massachusetts-based Dynatrace was founded in 2005 to provide a software intelligence platform that provides data based on the performance of applications, the underlying hybrid cloud infrastructure, and user experiences for enterprise-grade cloud optimization and management.
Management is headed by CEO and Director John Van Siclen, who has been with the firm since 2008 and was previously CEO of Adesso Systems and Interwoven.
The firm has developed the Dynatrace software intelligence platform that simplifies enterprise cloud complexity and provides actionable insight that supports faster cloud migrations and adoption, as well as DevOps success.
Dynatrace works by utilizing OneAgent, an automatic instrumentation technology, SmartScape, a real-time dependency mapping system, PurePath, a transaction-centric code analysis technology, and Davis, an open artificial intelligence [AI] engine for instant answers to degradations in service, anomalies in behavior, as well as user impact.
