Dynatrace Signs Definitive Agreement To Acquire Rookout; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Dynatrace has signed an agreement to acquire Rookout, a provider of enterprise-ready and privacy-aware solutions for developers. The transaction, which will be funded from cash on hand, is not expected to have a material impact on Dynatrace's fiscal year 2024 financials.
July 31, 2023 | 8:48 pm
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NEUTRAL IMPACT
Dynatrace's acquisition of Rookout is not expected to have a significant impact on its fiscal year 2024 financials. The deal will be funded from cash on hand.
The acquisition of Rookout by Dynatrace is not expected to have a significant impact on Dynatrace's financials for fiscal year 2024. This suggests that the deal is not large enough to significantly affect the company's financial position. The fact that the deal will be funded from cash on hand also indicates that Dynatrace is in a strong financial position.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100