Exclusive-Google-backed software developer GitLab explores sale, sources say

Posted under: Tech Move
Date: 2024-07-23
Exclusive-Google-backed software developer GitLab explores sale, sources say

GitLab, a cloud-based software development tools provider, is exploring a sale after attracting acquisition interest, including from Datadog. GitLab, valued at $8 billion, is working with investment bankers on the sale process. GitLab's shares rose 7% on the news. The company has over 30 million users and more than half of the Fortune 100 companies deploy its platform.

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