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Splunk Announces Acquisition Of Cloudmeter

Stocks in this article: SPLK

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.

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