Acquisition of Security Orchestration, Automation and Response
Leader Propels Analytics-Driven Security and IT
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 9, 2018--
Inc. (NASDAQ: SPLK), first in delivering “aha” moments from machine
data, today announced that it has closed the acquisition of Phantom
Cyber Corporation, a leader in Security Orchestration, Automation and
Response (SOAR). Phantom’s SOAR platform helps organizations improve the
efficiency of their Security Operations Center (SOC) by automating
tasks, orchestrating workflows, improving collaboration and enabling
incident response at machine speed. For more information, visit the Phantom
website to register and download Phantom Community edition for free.
The aggregate purchase price for the transaction was approximately $350
million, excluding working capital and other adjustments, paid in cash
and restricted common stock.
“Today marks an exciting new era for Splunk and Phantom customers,
partners and employees,” said Doug Merritt, President and CEO, Splunk.
“The combination of Splunk’s machine data platform with Phantom’s SOAR
technology will accelerate a new age of analytics-driven security and
expand Splunk’s vision as the security nerve center for SOCs around the
Automation and orchestration are integral parts of security customers’
SOC strategies to accelerate incident response while addressing the
security skills shortage. Phantom’s SOAR platform offers automation
capabilities that will also assist IT teams in solving challenges in a
widening range of use cases, including Artificial Intelligence for IT
For more information about Splunk and Phantom, visit the Splunk
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding the expected
benefits of the acquisition of Phantom, the impact of the acquisition on
Splunk’s products and services, the capabilities of Phantom’s products
and services and the expected benefits of the combined offerings. 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 in integrating the business, technologies,
personnel and operations; costs related to the acquisition and
integration; market acceptance of the acquisition and resulting products
and services; Splunk’s inability to realize value from its significant
investments in its business, including product and service innovations;
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 Annual Report on Form
10-K for the fiscal year ended January 31, 2018, 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.
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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. © 2018 Splunk Inc. All rights reserved.
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Source: Splunk Inc.
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