GTLB - GitLab rises on acquisition of Opstrace observability platform

GitLab (GTLB +3.8%) is trading up after announcing its acquisition of Opstrace, an open source observability platform. The acquisition will enable GitLab to expand its DevOps platform with Opstrace. Terms of the deal were not disclosed. GitLab expects to be the first to include an integrated open source observability solution within a single application, user interface and data store. The integration of Opstrace will expand its monitoring and observability capabilities. The Opstrace functionality will be integrated into the GitLab Monitor stage and be available for GitLab SaaS and Self-Managed users. Shares had dropped earlier in December after GitLab posted its first results as a public company.

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GitLab rises on acquisition of Opstrace observability platform