Owners
Phantom Cyber Corporation is engaged in developments and implementation of safety management systems, automation and response to incidents (Security Orchestration, Automation and Response, or SOAR).
History
2018: Acquisition by Splunk company
On February 27, 2018 the Splunk company, the developer of the replicated analysis systems of machine data (Big Data) and operating activities in the field of information technologies for the organizations, announced acquisition of Phantom Cyber Corporation company which is engaged in data protection. Transaction amount will be about $350 million. Expect to close the transaction in Splunk in the first half of 2018[1]
Phantom develops safety management systems, automation and response to incidents (Security Orchestration, Automation and Response, SOAR). As you know, the SOAR platforms allow to increase efficiency of the tasks connected with security of transactions by means of automation, managements of workflows, improvements in the organization of joint work and provide to the organizations an opportunity to react to incidents with a machine speed. It is expected that technologies of processing of data bulks Splunk will allow the organizations to use with bigger efficiency automation within the centers of data protection. In particular, combined use of Splunk and Phantom technologies will allow to strengthen cyber defense and at the same time to reduce risks when using security systems on the basis of analytics of data; to react to incidents quicker; and also to increase overall performance.
In the press release of both companies it is also specified that the automation equipment offered Splunk and Phantom can be used not only to questions of information protection, but also to other aspects of activity of the organizations users.
Splunk and Phantom closely cooperated since 2016, and the current absorption is a logical step from Splunk, especially considering the fact that the company pays more and more attention to questions of cyber security. In a total amount of revenues of firm information security is constantly growing article.
 | Interest here obviously mutual — Mikhail Zaytsev, the information security expert of SEC Consult Services company considers. — In the field of cyber security demand on the sredsvt of automation, which is not surprising, grows considering the permanent growth of number of cyberthreats: the large companies want to minimize time of response to incidents, and for this purpose just and both automation equipment, and technologies of the fast analysis of Big Data for identification of threats at the earliest stages are necessary. So consolidation of efforts Splunk and Phantom — very logical and mutually advantageous step. |  |
Merger of Phantom worth $350 million became the largest in the history of Splunk company. It is interesting that total capitalization of Phantom as of the end of February, 2018 is estimated approximately at $100 million[2]
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |