According to sources familiar with the matter, software developer Gitlab, in partnership with Reuters publications, is exploring the possibility of selling its business. The joint development of Gitlab is currently under consideration for a potential sale, although the details of any such transaction remain undisclosed.
One of the potential buyers for Gitlab is Datadog, a company that specializes in monitoring cloud systems. If an agreement is reached between the two parties, the transaction could be completed within a few weeks. Gitlab is currently valued at around $8 billion and boasts a user base of over 30 million registered users.
In comparison, Datadog holds a market value of approximately $44 billion. The potential sale of Gitlab could have significant implications for the software development industry, especially if a deal with Datadog materializes.