Splunk announces that it has acquired SignalFX, a provider of cloud monitoring and predictive analytics tools. The acquisition will help Splunk become a leader in cloud observation and application performance monitoring in the marketplace.

The deal of 1.05 billion dollars (about 946 million euros) consists of a cash payment (60 percent) and a payment in shares of Splunk (40 percent). According to SiliconAngle, the features that SignalFX brings to Splunk are a number of tools for real-time cloud monitoring, predicitive analytics and generally services that allow companies to better monitor and analyze their IT systems. In addition, these tools are suitable for both the cloud and on premise.

The real-time observation is important, Splunk emphasizes in the blog post. Real-time monitoring of any type of data must be possible on any scale. This is something Splunk hopes to work towards with the acquisition of SignalFX. The ultimate goal of the acquisition is to help companies save costs and time and improve customer experience.

One platform for all data

Splunk quotes in the blog a study by Gartner. This shows that more than three-quarters of organisations worldwide will be running container applications by 2022. The company wants to respond to this with an integrated platform that keeps the monitoring and analysis of data clear. It should not only be possible to monitor data from silo systems or cloud-native applications separately. All data of a company must be available as one complete, clear picture in real time.

“Data is the fuel of modern companies and the acquisition of SignalFX puts Splunk in full position as a leader in large-scale monitoring and observation,” said Doug Merritt, President and CEO of Splunk. “SignalFX will support our ongoing efforts to provide customers with a single platform that can monitor the entire lifecycle of enterprise applications. We are also incredibly impressed by the SignalFX team and its leadership, whose expertise and professionalism are a strong addition to the Splunk family.”

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.