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Splunk, which provides operational intelligence software to report and analyze the latest computer data, today announced a definitive agreement to acquire SignalFx, a cloud-based infrastructure, microservice monitoring platform and containerized applications. Under the terms of the agreement, Splunk will inject approximately $ 1.05 billion into SignalFx, of which 60% in cash and the rest in common stock.
Both companies anticipate the completion of the transaction in the second half of fiscal year 2020, subject to regulatory revisions.
According to Splunk, the SignalFx suite will enable its IT and developer customers to better manage and observe data in the cloud, on premise or in hybrid real-time environments, while reducing costs and increasing revenue. How? By leveraging its platform to divide the metric data points into two streams – one for human-readable metadata and the other for time-based values - and route them to an analytics framework. Python type configurable via dashboards and APIs.
Splunk points out that according to Gartner, more than 75% of global organizations should run containerized applications in production by 2022, compared with less than 30% today. He also cites an IDC report that software-as-a-service (SaaS) solutions for monitoring application performance will grow three times faster than on-site solutions over the next five years.
"Data is fueling modern operations and the acquisition of SignalFx clearly places Splunk in a leading position in … large-scale observability," said Splunk President and CEO Doug Merritt. "SignalFx will support our continued commitment to providing customers with a platform that can monitor the complete lifecycle of enterprise applications. We are also extremely impressed by SignalFx's team and leadership, whose expertise and professionalism are a major asset to the Splunk family. "
SignalFx founder and CEO Karthik Rau added, "By joining Splunk, we will create a powerful monitoring platform, ready to support CIOs, whether they have fully embraced the cloud or have existing applications." in the data center. As the world moves more and more towards complex, cloud-based architectures, Splunk and SignalFx are the new approach needed to monitor and observe real-time cloud infrastructure and applications, via logs, metrics, and more. or trace functions. The SignalFx team is excited to join Splunk to help CIOs take advantage of the modern application portfolio. "
SignalFx is one of Splunk's largest publicly traded purchases since its acquisition of the Phantom security automation and orchestration platform for $ 350 million in February 2018 and after the start of the acquisition. -up to DevOps Incident Management, VictorOps, for $ 120 million in June 2018. As for SignalFx, Stealthy in 2015, the news comes a few months after receiving $ 75 million in Series E financing. a large number of investors, bringing the total of its raised funds to 178.5 million dollars.
Founded in 2003 by Michael Baum, Rob Das and Erik Swan, Splunk had more than 10,000 customers worldwide in early 2016 and had a business turnover of $ 1.27 billion in January 2018. It is based in San Francisco, with regional operations across Europe. Middle East, Africa, Asia and Australia.
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