Owners
SignalFX — developer of software tools which use predictive analytics, cloud and other solutions for control of work of IT systems in the companies.
History
2019: Splunk purchased SignalFX
On August 21, 2019 Splunk announced acquisition of SignalFX for $1.05 billion. The most part (60%) of this amount the buyer will pay from own means, and the rest — the actions. It is going to close the transaction in the second half of 2020.
Splunk considers that the company merger will allow to offer the platform which will allow IT departments and developers to trace and control data in real time. The platform will help business to cut down expenses, to increase revenue and to increase customer service quality.
Data of analysts of IDC according to which the size of the market of solutions SaaS for monitoring of performance of applications will grow three times quicker than local tools within five years are provided in the press release devoted to sale of SignalFX of Splunk company.
The analyst Charles King from Pund-IT considers that acquisition of SignalFX will strengthen already strong positions of Splunk in the field of management of IT transactions.[1]
Notes
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