Splunk Buys SignalFx for $1.05 Billion

Big data-analysis vendor Splunk today announced that it will purchase cloud monitoring vendor SignalFx for $1.05 billion.

SignalFx provides real-time monitoring and metrics for cloud infrastructures and applications. "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," said Karthik Rau, founder and CEO of SignalFx.

Splunk will pay 60% in cash and 40% in its common stock for the acquisition, which is pegged to close in the second half of fiscal 2020.

Doug Merritt, President and CEO, Splunk, said in a statement: "SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle."

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