On Sept. 21, PagerDuty Inc. (NYSE: PD) announced that it has entered into a definitive agreement to acquire Rundeck. Per the agreement terms, PagerDuty will acquire Rundeck for a total purchase price of around $100 million. This amount will be subject to adjustment and will be paid approximately 60% in cash and 40% in PagerDuty common stock and is subject to certain customary closing conditions. The company tweeted about the deal, providing a link to a blog post about it.
PagerDuty Inc. is a global leader in digital operations management and is known for on-call management and incident response, and Rundeck is a California-based start-up known for being a leader and innovator in DevOps automation.
PagerDuty and Rundeck Praise Each Other
In a press release published on PagerDuty...