{
  "title": "Dynatrace Acquires Arize for $915 Million: AI Observability Spans the Full Lifecycle",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/",
  "published": "2026-10-05T09:00:00Z",
  "updated": "2026-10-05T09:00:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "id": "stat-value",
      "label": "Transaction value for Arize",
      "value": "US$915M",
      "provenance": "disclosed",
      "note": "Stated by Dynatrace on 13 August 2026, subject to customary adjustments.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-value"
    },
    {
      "dataset": "key-figures",
      "id": "stat-cash",
      "label": "Cash component of the consideration",
      "value": "≈US$815M",
      "provenance": "disclosed",
      "note": "Stated by Dynatrace on 13 August 2026.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-cash"
    },
    {
      "dataset": "key-figures",
      "id": "stat-equity",
      "label": "Replacement equity awards for Arize employees",
      "value": "≈US$100M",
      "provenance": "calculated",
      "note": "US$915 million total less about US$815 million cash. Approximate because the cash figure is stated as approximate.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-equity"
    },
    {
      "dataset": "key-figures",
      "id": "stat-cash-share",
      "label": "Share of the consideration paid in cash",
      "value": "≈89%",
      "provenance": "calculated",
      "note": "About US$815 million divided by US$915 million.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-cash-share"
    },
    {
      "dataset": "key-figures",
      "id": "stat-arr",
      "label": "Expected accretion to Dynatrace ARR growth, fiscal 2027",
      "value": "+200 bp",
      "provenance": "disclosed",
      "note": "Dynatrace guidance, 13 August 2026.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-arr"
    },
    {
      "dataset": "key-figures",
      "id": "stat-days",
      "label": "From signing to completion",
      "value": "49 days",
      "provenance": "calculated",
      "note": "Definitive agreement on 13 August 2026, completion on 1 October 2026.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/#stat-days"
    },
    {
      "dataset": "key-facts",
      "id": "fact-1",
      "label": "Status",
      "value": "Completed, 1 October 2026",
      "provenance": "disclosed",
      "note": "Announced as completed by Dynatrace on 1 October 2026.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-2",
      "label": "Value",
      "value": "US$915 million",
      "provenance": "disclosed",
      "note": "Cash and stock transaction, subject to customary adjustments.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-3",
      "label": "Cash component",
      "value": "About US$815 million",
      "provenance": "disclosed",
      "note": "The balance is replacement equity awards for Arize employees joining Dynatrace.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-4",
      "label": "Funding",
      "value": "Cash on hand and/or credit facility",
      "provenance": "disclosed",
      "note": "As stated in the 13 August 2026 agreement announcement.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-5",
      "label": "ARR growth",
      "value": "+200 bp in fiscal 2027",
      "provenance": "disclosed",
      "note": "With 175 bp dilution to non-GAAP operating margin in fiscal 2027.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-6",
      "label": "Leadership",
      "value": "Founders join Dynatrace",
      "provenance": "disclosed",
      "note": "Jason Lopatecki leads the Arize team and reports to CEO Rick McConnell.",
      "sources": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/ | https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/ | https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "permalink": "https://www.acquiry.com/deal-intelligence/dynatrace-acquires-arize-for-915-million/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "Dynatrace Completes Acquisition of Arize, Extending AI Observability Across the Full Development Lifecycle",
      "href": "https://www.dynatrace.com/news/press-release/dynatrace-completes-acquisition-of-arize/",
      "publisher": "Dynatrace",
      "date": "1 October 2026",
      "isoDate": "2026-10-01",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "Dynatrace to Acquire AI Observability Leader Arize",
      "href": "https://www.dynatrace.com/news/press-release/dynatrace-to-acquire-arize/",
      "publisher": "Dynatrace",
      "date": "13 August 2026",
      "isoDate": "2026-08-13",
      "kind": "Press release"
    },
    {
      "id": "s3",
      "title": "Dynatrace Announces Pricing of Private Placement of $1.25 Billion of Exchangeable Senior Notes",
      "href": "https://ir.dynatrace.com/news-events/press-releases/detail/437/dynatrace-announces-pricing-of-private-placement-of-1-25-billion-of-exchangeable-senior-notes",
      "publisher": "Dynatrace",
      "date": "18 August 2026",
      "isoDate": "2026-08-18",
      "kind": "Press release"
    },
    {
      "id": "s4",
      "title": "The Arize Blog: agents, evals and observability",
      "href": "https://arize.com/blog/",
      "publisher": "Arize",
      "date": "Retrieved 5 October 2026",
      "isoDate": "2026-10-05",
      "kind": "Company website"
    },
    {
      "id": "s5",
      "title": "Dynatrace press releases",
      "href": "https://www.dynatrace.com/news/press-release/",
      "publisher": "Dynatrace",
      "date": "Retrieved 5 October 2026",
      "isoDate": "2026-10-05",
      "kind": "Press releases"
    }
  ]
}