Splunk Buys SignalFx
Splunk buys SignalFx.
Splunk buys SignalFx for $1.05 billion.
SignalFx surfaced four years ago with software that lets its customers analyze, visualize, automate, and alert on metrics data from infrastructure, applications, microservices, containers, and functions.
Doug Merritt of Splunk said: ‘Data fuels the modern business, and the acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale. SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application life cycle. We are also incredibly impressed by the SignalFx team and leadership, whose ability and professionalism are a strong addition to the Splunk family.’
Karthik Rau of SignalFx said: ‘By joining Splunk, we will create a powerful monitoring platform - one ready to support CIOs whether they have fully embraced the cloud or have existing applications in the data center. As the world continues to move towards complex, cloud-first architectures, Splunk and SignalFx is the new approach needed to monitor and observe cloud-native infrastructure and applications in real-time, whether via logs, metrics or tracing. The SignalFx team is thrilled to join Splunk to help CIOs capitalize upon the modern application portfolio.’
Jason Child of Splunk added: The strength of our balance sheet allows us to pay the majority of purchase price consideration with cash on hand. Total equity consideration plus initial SignalFx employee retention incentives will result in less than three percent total dilution from this transaction. Post-closing, we expect to absorb the acquired operational expenses of SignalFx within our existing plan. Currently, we are reaffirming our full-year non-GAAP operating margin target.’
Splunk buys SignalFx for $1.05 billion.
SignalFx surfaced four years ago with software that lets its customers analyze, visualize, automate, and alert on metrics data from infrastructure, applications, microservices, containers, and functions.
Doug Merritt of Splunk said: ‘Data fuels the modern business, and the acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale. SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application life cycle. We are also incredibly impressed by the SignalFx team and leadership, whose ability and professionalism are a strong addition to the Splunk family.’
Karthik Rau of SignalFx said: ‘By joining Splunk, we will create a powerful monitoring platform - one ready to support CIOs whether they have fully embraced the cloud or have existing applications in the data center. As the world continues to move towards complex, cloud-first architectures, Splunk and SignalFx is the new approach needed to monitor and observe cloud-native infrastructure and applications in real-time, whether via logs, metrics or tracing. The SignalFx team is thrilled to join Splunk to help CIOs capitalize upon the modern application portfolio.’
Jason Child of Splunk added: The strength of our balance sheet allows us to pay the majority of purchase price consideration with cash on hand. Total equity consideration plus initial SignalFx employee retention incentives will result in less than three percent total dilution from this transaction. Post-closing, we expect to absorb the acquired operational expenses of SignalFx within our existing plan. Currently, we are reaffirming our full-year non-GAAP operating margin target.’
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