PagerDuty to Acquire Rundeck

Sept. 22, 2020, 1:23 a.m.

TL;DR

PagerDuty to buy Rundeck for a combined $100 million purchasing price. The purchase shall be subject to such customary closing terms. The deal is scheduled to be completed in October 2020. According to the PagerDuty, the transaction would enhance competitiveness and boost customer service. It would be charged in cash by roughly 60% and in Pagerduty by 40%.

Key Facts

1
The acquisition improves the leading incident response delivered by PagerDuty with smart system automation like auto-remediation and self-healing that offers improved flexibility for resolution and recovery efforts.
2
Rundeck provides front-line incident response teams, including engineering, IT, customer support and protection, a self-service way to operate automated machine-centered workflows, or runbooks, without having to escalate to an expert, that prevent, diagnose and resolve incidents at the push of a button.
3
Rundeck provides front-line incident response teams a self-service way to operate automated workflows and runbooks, without having to escalate to an expert, that prevent, diagnose and resolve incidents.
4
The purchase is subject to some standard terms of completion and is scheduled to close by October 2020.

Details

PagerDuty offers solutions for incident management that help IT, DevOps, security, customer support, and IT specialists tackle challenges generated by the rising amount of corporate data and alerts for applications.

Rundeck's automation systems serve more than 150 corporate and mid-market organizations. Its effort to build and broaden go-to-market continues with DevOps and is focused on an engaged open source network of over 60,000 people.

Rundeck’s impressive track record in providing scaled automation for DevOps teams in the world's largest companies, along with their easy to use, practitioner focused offering make them a highly complementary extension for PagerDuty. Together we can now automate unpredictable, emergent work for people and machines, from detection and diagnosis to recovery, remediation and learning, providing the most robust real-time incident response platform in the market. Our 13,300 customers trust us to ensure their digital services remain always on, and now we are ensuring they can do this faster, and more efficiently.
Jennifer Tejada
CEO of PagerDuty