Dynatrace to Acquire Runecast to Enhance CloudNative Security and Compliance

Expansion of the unified Dynatrace observability and security platform will deliver automated security posture management and compliance monitoring for hybrid and multicloud environments

January 29, 2024 08:00 AM Eastern Standard Time

WALTHAM, Mass.–(BUSINESS WIRE)–Dynatrace (NYSE: DT), the leader in unified observability and security, today announced it signed a definitive agreement to acquire Runecast, a provider of AI-powered security and compliance solutions. Adding Runecast to the Dynatrace® platform will extend Dynatrace contextual security protection and analytics with Runecast security posture management. This will enable customers to address the risks of misconfigurations and compliance violations in hybrid and multicloud ecosystems proactively, based on AI-driven, automated, real-time vulnerability assessments. Additionally, it will allow customers to perform threat detection and incident response with full context detailing
their security vulnerabilities, affected applications, risk levels, and attack vectors.

Cloud-native technologies have revolutionized business, but they have also made security more complex. Organizations face challenges integrating existing security analytics tools and eliminating security gaps in applications. They need a unified, context-rich approach for observability, security, and compliance to safeguard workloads and applications throughout the software delivery lifecycle. By adding Runecast, Dynatrace will expand its platform’s cloudnative application security protection capabilities and help customers achieve these goals.

“Security posture management is a well-known and vital market, because every organization needs it and has prioritized it in their technology investments for improved security,” said Bernd Greifeneder, CTO at Dynatrace. “We believe Dynatrace is differentiated in this market as the only platform leveraging contextual observability and security analytics for cloud-native applications to provide end-to-end protection, detection, and response. Dynatrace enables users to not only identify and analyze vulnerabilities and threats automatically but also to measure and improve risk exposure and compliance status and perform advanced security analytics and automation. Runecast’s technology will enhance this advantage, elevating our runtime vulnerability analytics and protection and helping our customers to keep their clouds audit ready all the time. We look forward to welcoming Runecast to the platform and the team to Dynatrace.”

“At Runecast, we aim to provide organizations with real-time, automated, and actionable insights for security compliance, vulnerability assessment, and configuration management of their hybrid and multicloud environments,” said Stanimir Markov, CEO at Runecast. “We are excited to join Dynatrace, the leader in observability and application security, to deliver a comprehensive Cloud-Native Application Protection Platform (CNAPP) that addresses two critical questions for our customers: ‘How secure are we?’ and ‘How compliant are we?’”

Dynatrace plans to provide a seamless experience for customers by embedding Runecast into its unified observability and security platform.

Closing of the proposed transaction is subject to customary closing conditions and is expected to occur later in Dynatrace’s fourth quarter, which ends on March 31, 2024. The proposed transaction will not have a material impact on Dynatrace’s financial results.

About Dynatrace

Dynatrace (NYSE: DT) exists to make the world’s software work perfectly. Our unified platform
combines broad and deep observability and continuous runtime application security with the
most advanced AI to provide answers and intelligent automation from data at an enormous
scale. This enables innovators to modernize and automate cloud operations, deliver software
faster and more securely, and ensure flawless digital experiences. That’s why the world’s
largest organizations trust the Dynatrace® platform to accelerate digital transformation.

Role of Steep Hill

Steep Hill s.r.o. was retained as the sellside adviser and the investment manager by the largest
shareholder of Runecast Solutions Ltd. during the shares sale to Dynatrace LLC.

Our previous experience in M ​​& A includes advice on setting up a JV project (worth € 5bn) to build a new nuclear power plant in Jaslovské Bohunice between Javys and CEZ.

We have been active in major buy-side, sell-side and capital raising transactions for international clients (Sumitomo Corp., Extensa Group, Asseco Central Europe), private companies (Aliter Technologies, Tempest, Sofip) private equity groups (Mid Europa, J & T, Jan, SRKF) and for various local private entrepreneurs.

Also included are corporate banking experience at Halifax Bank of Scotland in London and Citigroup in Bratislava. We managed a portfolio of borrowers from the large corporations segment (FTSE 200 in the UK and sales over € 35 million in Slovakia).

We were responsible for structuring customer credit lines and participated in the credit approval process in banking institutions. The client-side portfolio included Midas Capital Partners, British Nuclear Fuels Ltd, VT Group plc, Prince Alwaleed’s Fairmont Hotels, Maspex Wadowice SA, Slavia Capital and Slovak Railways.

Rekor Systems to Acquire Waycare Technologies Ltd.

Expands technology footprint in the US, as well as internationally

Accelerates intelligent infrastructure market access and growth

Expedites access to complementary data

Enhances suite of solutions through acquisition of proprietary artificial intelligence software

COLUMBIA, MD / ACCESSWIRE / August 9, 2021 / Rekor Systems, Inc. (NASDAQ: REKR) (“Rekor” or the “Company”), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, has signed a definitive agreement to acquire Waycare Technologies Ltd. (“Waycare”), a privately held company focused on optimizing traffic management systems using predictive analytics. Rekor will provide $61 million in total consideration consisting of a combination of cash and common stock. The closing of the transaction is subject to customary closing conditions and is currently anticipated to occur during the third quarter of 2021.

Founded in 2016, Waycare has been rapidly shaping the future of intelligent infrastructure by harnessing multi-source data for predictive insights. Their solution uses artificial intelligence (“AI”) to aggregate and process data from various sources to help government agencies with crash prediction, congestion detection, as well as incident management and identification. Waycare collates data from transportation agencies’ existing infrastructure, which is then synthesized with additional data from mobile apps, connected vehicles, weather analysis and event management systems. AI algorithms ingest and process this information to produce actionable insights and predictions. The company’s mission is to leverage technology to benefit the public by improving roadway safety, preventing fatalities and enhancing effectiveness of the existing infrastructure.

Robert A. Berman, President and CEO, Rekor, commented, “Intelligent infrastructure is the foundation upon which smart cities are built. As we will discuss in more detail on our upcoming strategy update on September 14th, there are three key ingredients to be a best-in-class solutions provider in the emerging intelligent infrastructure industry and they are the ability to: collect accurate data via sophisticated sensors; process data via cutting-edge software; and capitalize on first mover advantages by rapidly expanding geographic reach and product offerings. We call this having real estate. With the Waycare acquisition, we are significantly strengthening our footprint and meaningfully enhancing our service offering. This acquisition accelerates access to new markets and provides us with new vendor relationships to access unique data sources.”

“Waycare is a rare asset as it already has an established and growing customer base, favorable relationships with third-party data providers that would take years to replicate and a highly talented management team. Waycare’s existing team will be joining the Rekor family and Waycare will be fully integrated into Rekor,” Mr. Berman continued. “With the addition of Waycare, we are well positioned to achieve additional inorganic growth in a fragmented industry.”

“We are very excited about the opportunity to become a part of Rekor Systems,” added Noam Maital, CEO and co-founder of Waycare. “Both companies were on an incredible journey building the infrastructure for smart cities which will benefit generations to come. By joining Rekor, we now have access to real-time roadway optical sensors, innovative software and enhanced data. Rekor is uniquely positioned to become a leading force in data aggregation and analysis for roadway intelligence. As a team, we are looking forward to deploying our technologies and data to improve the quality of life for citizens and governments throughout the globe.”

Rekor expects the transaction to deliver long-term financial benefits. Waycare’s operations will enhance Rekor’s recurring revenue base, as well as contributing to our pipeline. The acquisition of Waycare will also have a significant immediate impact on the Company’s footprint, providing immediate opportunities to cross-sell products and services as well as accelerate access to new markets. Waycare’s AI platform is complementary to Rekor’s platform and can be quickly integrated into Rekor One™ to broaden Rekor’s suite of solutions for safety and incident management. The acquisition will also significantly increase the scale and breadth of Rekor’s already disruptive intelligence platform.

“By joining forces with Waycare, we are able to capitalize on an exceptional growth prospect,” resumed Mr. Berman. “We are just beginning to scratch the surface of a market that has significant potential. Growth in world population, continued urbanization, a focus on sustainable development and a push to improve the lives and safety of people living in communities and cities worldwide are placing substantial challenges on both governmental and business entities. We’re excited to be leading the way in defining this emerging industry of intelligent infrastructure and are grateful to have a strong balance sheet to support Rekor’s growth as a fragmented market continues to consolidate. We are looking forward to providing additional details on the conference call.”

About Rekor Systems, Inc.

Rekor Systems, Inc. (NASDAQ: REKR) a trusted global authority on intelligent infrastructure, providing solutions that drive the world to be safer, smarter, and more efficient. As a provider of comprehensive, continuous and real-time roadway intelligence, Rekor leverages AI, machine learning and holistic data to provide actionable insights. Rekor believes that intelligent infrastructure is required to truly activate smart cities and, with its Rekor One™ disruptive technology and solutions, the Company provides a seamless platform to accomplish this objective. To learn more please visit our website: https://rekor.ai.

About Waycare Technologies, Ltd.

Waycare is committed to making today’s roads safer and more accessible through its cloud-based, artificial intelligence (AI) traffic management and transit solutions. Waycare works collaboratively with traffic management centers, law enforcement, service patrol, and other agencies to bring together the widest array of data partnerships in the industry to produce an all-in-one traffic management platform. This Software as a Service (SaaS) solution enables actionable traffic safety insights and predictions including real-time automated incident and irregular congestion detection, crash prediction and forecasting, and collaborative tools for more efficient responses and planning to better serve drivers on the roads. For more information, visit waycaretech.com.

Role of Steep Hill

Steep Hill s.r.o. was retained as the sellside adviser and the investment manager by Zymestic Solutions s.r.o. and janom s.r.o. in both Seed and Series A capital raising rounds of Waycare Technologies and the shares sale to Rekor Systems, Inc.

Aliter Technologies has acquired stock in the British company Runecast

Press | 10/06/20

“We consider Runecast to be a leader in analyzing, monitoring and managing stability, security and return on investment in both local and cloud infrastructure and makes a synergy to the portfolio of technologies we offer to our customers,” said Peter Dostál, CEO of Aliter Technologies. Following the previous entry into Tidal Migrations, this is another step for the company in strengthening its competencies in the field of cloud infrastructure.

Aliter Technologies is a technology company that provides solutions to support military and non-military crisis management, ICT infrastructure and cybersecurity. It is a supplier to NATO and other international organizations, ministries of defense and law enforcement agencies, and largest suppliers in the defense and security industry.

Runecast is a technology product company that provides a platform focused on predictive analysis, monitoring, reporting, and auditing of ICT infrastructure to identify configuration issues and compliance with security standards for systems operating in local or cloud environments.

Steep Hill s.r.o. was retained as an exclusive buy-side financial adviser by Aliter Technologies a.s. in the acquisition of the minority stake in Runecast Solutions Ltd.

Waycare Raises $7.25M to Fuel Further Advancements in AI-Based Transportation Tech

Waycare closes Series A funding round to make further advancements in AI-based connected mobility solution for transportation agencies.

LOS ANGELES (PRWEB) OCTOBER 03, 2019

Today Waycare, an AI-based connected mobility platform for transportation agencies, announced that it has raised $7.25 million in Series A funding led by SJF Ventures, with participation from UpWest, Next Gear Ventures, Innogy, Spider Capital, Goldbell, Zymestic Solutions, and janom. The new funding will drive Waycare’s expansion efforts in North America and Europe, along with enhancements to its cloud-based platform.

In addition to the new round of investment, Waycare announced that Jim Ray will be joining its Board of Directors. Mr. Ray is the former Senior Advisor to USDOT Secretary Elaine Chao, bringing decades of experience in transportation and infrastructure policy. Dan Geballe, Partner at SJF Ventures, also joined the Waycare Board.

Founded in Israel and with a Los Angeles office, Waycare is an AI and cloud-based platform that empowers transportation agencies to make smarter decisions related to traffic management and traffic safety. Waycare leverages vast amounts of data coming from the existing transportation network and in-vehicle data sources to provide actionable new insights. Waycare’s first commercial deployment with Southern Nevada in 2017 demonstrated improvements in reducing both primary and secondary crashes, also improving response times and multi-agency communication. Since then, Waycare has expanded to Florida, Ohio, and other states across the United States. Waycare plans to expand its services in Europe and Israel in 2020.

“Transportation agencies across the world are grappling with the burden of improving traffic safety and congestion that affects their city’s residents, while at the same time meeting the demands of rapid changes in the mobility sector,” said Noam Maital, CEO of Waycare. “Waycare is fortunate to be at the crossroads of serving the public sector while partnering with the wider mobility ecosystem to help cities and states build the next generation of transportation operating systems.”

Waycare’s continued growth is, in part, due to its ability to provide decision-makers with tangible insights quickly, and without requiring costly changes to existing infrastructure. Jim Ray noted that “As someone who has been working in the public sector for many years, what is exciting about Waycare is that they can be a key to enabling the public sector to adapt to the changes that are coming our way.”

While Waycare continues to work with transportation agencies to prevent crashes and enable smarter traffic management decisions, it also serves as the foundation for future adoption of new mobility solutions such as autonomous vehicles, microtransit, scooters, and advanced public transit.

“Over the past decade, we’ve seen a transformation not only in the amount of data coming from various mobility modes such as connected vehicles, but also in the advancement of artificial intelligence technologies to interpret and learn from data,” said Dan Geballe, Partner at SJF Ventures. “Waycare is a prime example of how AI can be deployed in the public sector to better leverage data and existing infrastructure to improve outcomes–in this case reducing traffic, injuries, and deaths on the roads.”

About Waycare
Waycare is a cloud-based SaaS platform harnessing data from sources such as GPS navigation apps, connected vehicles, and infrastructure to provide actionable insights which improve traffic and safety management operations. Using Artificial Intelligence (AI), Waycare provides predictive insights to identify dangerous roads where future crashes are likely to occur, empowering proactive decision-making. Waycare is shaping the future of urban mobility, enabling cities to take full control of their roads and directly communicate with other departments and vehicles throughout their transportation networks.

Role of Steep Hill

Steep Hill s.r.o. was retained as the buyside adviser and the investment manager by Zymestic Solutions s.r.o. and janom s.r.o. in both Seed and Series A capital raising rounds of Waycare Technologies.

Sale of the 100% ownership interest in the Ecological Laboratories in Eastern Slovakia

Bratislava, April 2019

A private investment group specializing in the delivery of services in clinical biochemistry, hematology, microbiology, molecular biology and pathology, which also develops, manufactures and distributes human and veterinary laboratory technology, has acquired a 100% ownership interest in the Environmental Laboratories in Eastern Slovakia.

 Steep Hill, s.r.o. was retained as an exclusive financial advisor by the seller of the 100% ownership interest in the Ecological Laboratories.

ČEZ LDS s.r.o., a subsidiary of ČEZ ESCO, a.s., acquired 100% stake in TMT Energy, a.s.

Trnava, 10 July 2018

ČEZ LDS s.r.o., an experienced provider of the local distribution services to corporate clients operating in various industries in the Czech Republic and Slovakia, has acquired 100% stake in TMT Energy, a.s. (now rebranded as ČEZ Distribučné sústavy a.s.) from the Slovak-Belgian shareholder TOP Development a.s.

TMT Energy, a.s. owns and operates a local utility company focused on the distribution and supply of electricity and natural gas in the retail and industrial zone “The Mall Trnava” near the Trnava PSA Peugeot Citroën Slovakia plant.

Steep Hill s.r.o. was retained as  an exclusive sell-side financial adviser by the Slovak-Belgian shareholder TOP Development a.s. in a transaction of the sale of the 100% of ordinary shares in TMT Energy, a.s.

Asseco invests in new products and solutions

Bratislava, 21 June 2018

In the financial year 2017, Asseco Central Europe Group significantly reinforced its market position, expanded its product and solution portfolio, and simultaneously delivered strong business growth, as well. The group focused on investments in the companies with the high value added products and has continued with this strategy going forward. Asseco Central Europe’s investment in the company CEIT was selected as one of the top events of the year 2017, by the weekly business magazine Trend. Among other things, the successes of Asseco Central Europe were rewarded by Asseco Group and, consequently its decision to found a new headquarters – Asseco International, a.s. in Bratislava. This will create new business opportunities and offer room for broadening of the portfolio. Due to these reasons Asseco Central Europe have decided to invest in the document management and processing systems and the related processes through the acquisition of the company DWC Slovakia a.s.

„DWC Slovakia is a well-established company in the Slovak market and owns the solutions that we haven’t had in our portfolio, so far. The company offers exceptionally successful technologies, which have been applied in the currently largest eGovernment project of the whole public administration at the federal level in Germany. Building on our experiences and our customers‘ requirements we have decided to enrich Asseco Central Europe’s offering with the solutions on the Document Management System basis, Workflow a Content Governance. Furthermore, we would like to introduce these solutions to the international markets right through Asseco International“ said Jozef Klein, CEO a Chairman of the Board of Asseco Central Europe on the occasion of the agreement sign-off.

DWC’s products offer the customers more efficient solutions in the area of document management, encompassing the document lifecycle, from its submission to the completion. It offers the solutions which increase the speed, the efficiency and the transparency of administrative processes. It includes workflow management applications and related approval processes.

Steep Hill s.r.o. provided the transaction advisory services to the selling shareholders of the company DWC Slovakia a.s.

Asseco Central Europe is one of the most powerful software houses in the Central and Eastern Europe. It operates in Slovakia, the Czech Republic, Hungary, Germany, Austria, Switzerland and Italy. It carries out demanding projects for both businesses and public administration. Portfolio includes banking and insurance information systems, information systems for health care, building societies, card payment systems, data warehouses, energy and utilities , Business Intelligence solutions, ERP and other tailor-made solutions. In present, the Asseco CE group has 3,000 employees. Asseco Central Europe is a member of the international group Asseco. For more information refer to: www.asseco.com/ce.

Steep Hill s.r.o. provides financial consulting services for mergers and acquisitions of companies, sales of companies and assets, changes in ownership structure in companies, acquisition of growth capital, financing of projects and companies. In addition to executing transactions, we also provide clients with strategic planning and decision-making services (such as the intended expansion to new markets or new segments), business valuation and restructuring cases, since 2013. For more information please refer to our website: www.steep-hill.eu

A facility for seniors and the Alzheimer’s Center will be set up in Dúbravka

BRATISLAVA, Dec. 28 (SITA) – Griffin Company, s.r.o. at the beginning of December, has taken an investment of several million euros from the Alternative Financing Funds co-managed by Credit Value Investments (CVI), which will be able to carry out its business plan to build a social services facility in Bratislava, Dúbravka.

According to the published information, the Dúbravská oasis of peace and relaxation project counts with a capacity of 147 beds and will create a specialized facility for clients with Alzheimer’s disease, social services home, nursing home, regeneration-rehabilitation center or day care center.

The complex is to be built by the complete reconstruction of the accommodation blocks and the social part of the unused complex of buildings covering an area of 21 401 square meters.

Credit Value Investments spolka z ograniczona odpowiedzianoscia sp.k. is an independent company based in Poland, which operates in cooperation with Noble Funds as a professional investment manager of Polish closed-end investment funds. He is one of the leaders in bond financing of small and medium-sized enterprises, as well as in real estate in Central and Eastern Europe. CVI manages investment funds that invest in corporate debt with different credit risk profiles and manages assets totaling more than $ 1.2 billion. euros.

Throughout the transaction negotiation process and the key steps of its implementation, CVI was represented by Kinstellar attorney. Transaction-related financial advice, which was signed on 30 November 2017, was provided by Steep Hill s.r.o., a consulting firm focused on mergers, acquisitions, corporate sales and financing.