- Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about US$1.05 billion.
- Approximately 60% of this will be in cash and 40% in Splunk common stock.
- The companies expect the acquisition to close in the second half of 2020.
- SignalFx, which emerged from stealth in 2015, provides real-time cloud monitoring solutions, predictive analytics and more.
- Upon close, Splunk argues, this acquisition will allow it to become a leader โin observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.โ
- Indeed, the acquisition will likely make Splunk a far stronger player in the cloud space as it expands its support for cloud-native applications and the modern infrastructures and architectures those rely on.
In brief: Splunk acquires cloud monitoring service SignalFx for US$1.05B
Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about US$1.05 billion. Approximately 60% of this will be in cash and 40% in Splunk common stock. The companies expect the acquisition to close in the second half of 2020. SignalFx, which emerged from […]
Popular Categories
Previous article![]( "In brief: Netflix’s new feature for tracking upcoming releases could help retain subscribers")
Next article![]( "In brief: Crimson Education, a platform to help students get into top universities, nabs US$5M at a US$245M valuation")
