Dynatrace IPO is as Hot as the Weather

Dynatrace (DT), the application performance monitoring software provider backed by Thoma Bravo, upped its proposed range by 17%, reflecting the high growth in its enterprise customer base and high dollar-based net revenue retention.

Here are three other things you need to know about Dynatrace (DT).

1. Subscription revenue accelerated to 36% in FY19 and the enterprise customer base grew by 138%.

2. Dragoneer, a San Francisco growth –oriented investment firm, intends to purchase $75 million on the offering.

3. Dynatrace faces strong competition from Cisco, AppDynamics, New Relic and others.