PagerDuty Inc. (NYSE: PD), a provider of cloud-based incident response solutions, and JFrog Ltd. (NASDAQ: FROG), software developers, have announced a new integration. It is now possible for companies to build an ecosystem for IT teams across the organization, which would reap significant benefits.
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Data protection tools from PagerDuty are integrated into the JFrog platform, used to build software for hybrid and multi-cloud deployments. Through this approach, JFrog customers can stay in the loop about potential vulnerabilities and license mismatches as development progresses. By providing these utilities, developers can reduce their risks of malicious code injection, accidentally or deliberately damaging software products, and the creation of updates.
Automating the monitoring and reporting process will simplify the development process significantly. This approach can increase the reliability of the software, and this is a very sought-after quality within many industries. Therefore, the JFrog ecosystem will become more attractive, and PagerDuty solutions may become more monetized.
There is no doubt that PagerDuty Inc. (NYSE: PD) is already a well-known provider of IT services and tools. Its clients include major players from the world of technology, including GE, Cisco, Electronic Arts, Netflix, and Shopify. There are more than 17 thousand companies in the world that rely on the solutions of the company. According to PagerDuty’s first-quarter financial report, revenue grew 28% from last year to $ 64 million.
Shares of PagerDuty Inc. (NYSE: PD) rose 2.44% in yesterday’s market to trade at $39.89. The company’s stock closed the previous trading session at $38.94. The stock volume remained 1.18 million shares, which was lower than the average daily volume of 1.32 million shares within the past 50 days. PD shares have risen by 50.70% over the last 12 months, and they have moved down by -1.82% in the past week. The stock has dropped -4.25% over the past three months, while it has dropped -2.75 % over the past six months. Moreover, the company also has a current market capitalization of $3.83 billion, and 82.92 million shares of the company are outstanding.
