Splunk Extends IT Operations Leadership, Further Fueling Product
Innovation and Customer Value
SAN FRANCISCO--(BUSINESS WIRE)--
Inc. (NASDAQ:SPLK), first in delivering "aha" moments from machine
data, today announced it has acquired selected assets of Rocana, Inc., a
privately held technology company offering analytics solutions for the
IT market. Under the terms of the agreement, Splunk has acquired the
technology and intellectual property assets of Rocana for an undisclosed
amount. A number of technical employees from Rocana will also be joining
Splunk as part of the transaction, which was funded with cash from
Splunk's balance sheet.
"Insights from machine data are the lifeblood for organizations seeking
to better monitor, investigate and understand their IT and security
environments at scale," said Richard Campione, chief product officer,
Splunk. "Adding Rocana's team demonstrates Splunk's commitment to
innovate - through a build, buy, and partner approach - as we better
serve our customers and partners around the world. We are always
interested in adding great talent to Splunk, particularly a team such as
Rocana's with experience in large scale data systems and open source
Splunk will leverage Rocana's technology and team to advance its
market-leading machine data platform and machine learning capabilities
across Splunk's product portfolio.
"Splunk is the most widely adopted machine data and analytics platform
in the market today," said Eric Sammer, chief technical officer, Rocana.
"We are thrilled to join the Splunk team and help contribute to its
vision of helping customers turn data into answers."
For more information on Splunk and Rocana, visit the Splunk
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding Splunk's
proposed product, technical and employee investments and future product
and technical direction. There are a significant number of factors that
could cause actual results to differ materially from statements made in
this press release, including: difficulties encountered retaining
Rocana's employees and integrating Rocana's technologies; whether Splunk
can successfully develop new products or modify existing products and
the degree to which these gain market acceptance; and general market,
political, economic and business conditions.
Additional information on potential factors that could affect Splunk's
financial results is included in the company's Quarterly Report on Form
10-Q for the quarter ended July 31, 2017, which is on file with the U.S.
Securities and Exchange Commission. Splunk does not assume any
obligation to update the forward-looking statements provided to reflect
events that occur or circumstances that exist after the date on which
they were made.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) turns machine data into answers.
Organizations use market-leading Splunk solutions with machine learning
to solve their toughest IT, Internet of Things and security challenges.
Join millions of passionate users and discover your "aha" moment with
Splunk today: http://www.splunk.com
Splunk, Splunk > , Listen to Your Data, The Engine for Machine Data,
Splunk Cloud, Splunk Light and SPL are trademarks and registered
trademarks of Splunk Inc. in the United States and other countries. All
other brand names, product names, or trademarks belong to their
respective owners. © 2017 Splunk Inc. All rights reserved.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171009005259/en/
Bill Bode, 415-706-1236
Ken Tinsley, 415-848-8476
Source: Splunk Inc.
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