Data analytics company Splunk is buying SignalFx, a SaaS leader in real-time monitoring and metrics for cloud infrastructure, microservices and applications.
According to the company, Splunk is already a leader in ITOM and an AIOps pioneer and, upon close, will be a leader in observability and APM for organisations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.
Under the terms of the agreement, Splunk will acquire SignalFx for a total purchase price of approximately US$1.05 billion, subject to adjustment, to be paid approximately 60 per cent in cash and 40 per cent in Splunk common stock. The acquisition is expected to close in the second half of fiscal 2020, subject to customary closing conditions and regulatory reviews.
“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,” said Doug Merritt, President and CEO, Splunk.
“SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle. We are also incredibly impressed by the SignalFx team and leadership, whose expertise and professionalism are a strong addition to the Splunk family.”
“By joining Splunk, we will create a powerful monitoring platform – one ready to support CIOs whether they have fully embraced cloud or have existing applications in the data center,” said Karthik Rau, Founder and CEO, SignalFx.
“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 capitalise upon the modern application portfolio.”