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Home / Business / Splunk Acquires $ 1.05 Billion SignalFx Cloud Monitoring Service – TechCrunch

Splunk Acquires $ 1.05 Billion SignalFx Cloud Monitoring Service – TechCrunch



Splunk, the publicly traded computing and analytics company, today announced it has acquired SignalFx for a total of approximately $ 1.05 billion. About 60% of this is held in cash and 40% in Splunk ordinary shares. The companies expect the acquisition to be completed in the second half of 2020.

SignalFx, which emerged from Stealth in 2015, provides real-time cloud monitoring solutions, predictive analytics and more. Splunk believes this acquisition will enable companies to become "leaders in observability and APM at every stage of their cloud journey, from cloud-native apps to self-developed local applications."

In fact, Splunk is likely to become a much stronger player in the cloud space as it extends support for cloud native applications and the modern infrastructures and architectures it relies on.

 2019 08 21 1332 [19659002] Prior to the acquisition, SignalFx had raised a total of $ 178.5 million, including a recent Series E round, according to Crunchbase. Investors include General Catalyst, Tiger Global Management, Andreessen Horowitz and CRV. His clients include AthenaHealth, Change.org, Kayak, NBCUniversal and Yelp.

said Doug Merritt, President and CEO of Splunk, in today's announcement. "SignalFx will support our continuing commitment to providing customers with a platform that can oversee the entire lifecycle of enterprise applications. We are also incredibly impressed by SignalFx's team and leadership, whose expertise and professionalism make a strong contribution to the Splunk family. "


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