Dynatrace publishes investor presentation on planned Arize acquisition, AI observability expansion strategy

The company said the deal is expected to add about 200 bps to ARR growth in FY27, with about 175 bps dilution to non-GAAP operating margin.

Dynatrace said the transaction will be funded with cash on hand or an existing credit facility. Arize co-founders Jason Lopatecki and Aparna Dhinakaran are expected to join at closing.

Dynatrace outlined plans to acquire AI observability firm Arize at an enterprise value of $915 million, including about $815 million in cash.

Closing is targeted for the end of September or early October, subject to regulatory reviews and customary conditions.