This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Splunk Announces Acquisition Of Cloudmeter

Splunk Inc. (NASDAQ: SPLK), provider of the leading software platform for real-time operational intelligence, today announced it has acquired Cloudmeter, Inc., a provider of network data capture technologies. The addition of Cloudmeter will enhance the ability of Splunk customers to analyze machine data directly from their networks and correlate it with other machine-generated data to gain insights across Splunk’s core use cases in application and infrastructure management, IT operations, security and business analytics.

“The increasing complexity of enterprise applications and infrastructure makes network data a valuable source of data for operational intelligence,” said Godfrey Sullivan, Chairman and CEO, Splunk. “Cloudmeter has a strong technical team with deep networking expertise. They have built a robust, highly scalable solution that will allow our customers to easily capture network data, either on-premises or in the cloud. We look forward to integrating Cloudmeter technology into Splunk’s platform for machine data.”

Founded in 2007, Cloudmeter was one of the early companies to identify the value in the massive amounts of data that flow through organizations’ networks. Cloudmeter helps customers harvest network traffic to create actionable insights across a broad range of use cases.

“Our focus has been to develop innovative solutions that enable easier access to and insight from network data,” said Michael Dickey, founder, CEO and CTO, Cloudmeter. “Network data is a major contributor to the growth of big data and we are excited to join Splunk. We look forward to developing new capabilities that will help customers realize the full potential of their network and other machine-generated big data.”

Terms of the transaction were not disclosed. The transaction was funded with cash from Splunk’s balance sheet.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk’s proposed product offerings, future product capabilities and investments in product development. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: difficulties encountered in integrating Cloudmeter’s business; whether the companies can successfully develop new products or modify existing products and the degree to which these gain market acceptance; and the competitive environment in the software industry and competitive responses to the acquisition.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,089.28 +65.22 0.36%
S&P 500 2,117.23 +8.94 0.42%
NASDAQ 5,028.68 +23.2890 0.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs