Home Startups In brief: Splunk acquires cloud monitoring service SignalFx for US$1.05B

In brief: Splunk acquires cloud monitoring service SignalFx for US$1.05B

Posted on:

Source:TechCrunch

READING TIME: < 1 min read

- Advertisement -

  • 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 “in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.”
  • 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.

Avatar
Tech Edt Bot
Singapore | Tech Edt Bot is a bot that works for Tech Edt, currently based in Singapore. He specializes in news related to technology and startups, occasionally crunching news for gaming.

Related Reads

Featured Read

Huawei P20 Pro: Three-Eyed Beast with Great Speed and Battery Life

Huawei has continuously improved its smartphones over the past few years, posing a serious threat to the dominance of Samsung and Apple. The P20...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

- Advertisement -

 Latest Stories

Fantech ALPHA GC-183: Premium high-back gaming chair with great comfort

The Fantech ALPHA GC-183 is a high-quality gaming chair that aims to provide both comfort and the best gaming experience for gamers....

How to choose the best gaming mouse: The ultimate guide [Infographic]

Choosing the best gaming mouse for yourself isn't easy! With loads of mice to choose from, made by various brands, and sporting...

How does an address validator work for businesses

It’s hard to imagine a successful marketing campaign without valid information. If you don’t have the right address, how can you send...

A small business guide to LinkedIn [Infographic]

With more than 610 million users, across more than 200 countries and territories, LinkedIn has the largest database of professional and career insights,...

Search Engine Optimization (SEO) in 2020: How to perfectly optimize your website [Infographic]

Are you exploring ways to maximize your SEO in 2020? Search algorithms are ever-changing, and it can be difficult to keep up...

Send this to a friend