- General
- September 23, 2020
- 3 minutes read
PagerDuty Snaps Up Rundeck
Jennifer Tejada, CEO, PagerDuty. Photo credit: Stuart Isett for Fortune Magazine, licensed under Creative Commons PagerDuty, the publicly-traded IT incident…
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| Jennifer Tejada, CEO, PagerDuty.
Photo credit: Stuart Isett for Fortune Magazine, licensed under Creative Commons
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PagerDuty, the publicly-traded IT incident response company, has announced that it’s entered into a definitive agreement to acquire Rundeck, a DevOps automation startup, in a deal worth roughly $100 million, representing a significant win for Rundeck, which as a private startup is known to have raised only $3 million in funding. The acquisition is aimed at strengthening PagerDuty’s incident response software package with automation to several software development processes. PagerDuty will also be getting over 150 enterprise customers from its Rundeck acquisition.
PagerDuty is coughing up roughly $60 million in cash and $40 million in stock for Rundeck in a deal that’s expected to close in October of this year. The acquisition likely marks a significant win for Rundeck and its backers, of whom only one, venture capital firm TDF Ventures, is known. TDF provided the entirety of Rundeck’s $3 million seed funding in 2018.
Rundeck is PagerDuty’s first acquisition since becoming publicly-traded in 2019 and the company’s second ever since its inception.
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