CHICAGO – April 15, 2026 – Dynatrace (NYSE: DT) has acquired First Analysis portfolio company Bindplane, a software platform built on OpenTelemetry that helps observability, security and infrastructure teams collect, process and route telemetry data more efficiently, reducing the cost and complexity of monitoring and managing technology systems. Together, Dynatrace and Bindplane will extend data collection from the edge through analytics, combining open-standards-based telemetry pipeline capabilities with AI-powered observability.
As cloud-native architectures and AI-driven development accelerate, organizations are managing rapidly growing volumes of telemetry — the operational signals that show what is happening across digital systems. Bindplane helps organizations take greater control of that data through an OpenTelemetry-based platform that standardizes how logs, metrics and traces are collected, processed and routed, while improving data quality, reducing ingest costs, protecting sensitive information and easing migration across observability and SIEM platforms. The platform also supports a more flexible, open approach to modernizing legacy logging and observability environments and routing data more effectively across monitoring, security and analytics tools.
“Our focus has been on giving customers a more open and efficient way to collect, process and route telemetry data across their environments, and joining Dynatrace marks an important next step in that work,” said Mike Kelly, CEO of Bindplane. “First Analysis has been a thoughtful partner throughout our journey, and we are grateful for its support as we built the business and grew the platform.”
First Analysis Managing Director Howard Smith said, “We are proud to have partnered with Bindplane as the company built a differentiated platform for managing telemetry data in increasingly complex technology environments. Michael Kelly and his team helped pioneer and have executed well in a large and growing market. We are pleased to see the business enter this next phase.”
About Bindplane
Bindplane revolutionizes observability by providing clarity and control to organizations through the creation of the industry’s first OTel-native telemetry pipeline. Designed for modern enterprises, Bindplane offers visibility across cloud, hybrid and on-premises environments. Bindplane ensures today’s software development, IT and security teams have the tools they need to thrive in today’s challenging market. Bindplane is driven by a commitment to customer success and innovation and is a top 10 contributor to the OpenTelemetry project. For more information, visit bindplane.com
About First Analysis
First Analysis is a leading venture capital investor in B2B technology, with over 40 years of experience and over $880 million invested. Our investment strategy is grounded in insights from our research and transaction advisory work, which enable us to identify compelling opportunities and support companies as they grow. We invest primarily in North America across sectors where our research provides a differentiated perspective, including cybersecurity, e-commerce optimization, enterprise productivity, future of work, go-to-market technology, healthcare IT, infrastructure technology, Internet of Things, learning technology, pharma IT, supply chain and vertical SaaS. We target entrepreneur-driven, capital-efficient companies with proven business models and demonstrable customer successes. We partner with our portfolio companies to build to successful exits, investing $3 to $10 million, either as a lead investor or as a syndicate partner bringing valuable insights and expertise. For more information, visit www.firstanalysis.com.
For more information, please contact:
Howard Smith
Managing Director
312-258-7117
hsmith@firstanalysis.com
Media contact:
David Leshuk
Managing Director
312-258-7131
dleshuk@firstanalysis.com