Splunk completes acquisition of SignalFX

Splunk completed its previously announced acquisition of SignalFx, a provider of SaaS real-time monitoring and metrics for cloud infrastructure, microservices and applications. The purchase price is approximately $1.05 billion, to be paid approximately 60% in cash and 40% in Splunk common stock.

SignalFX's analytics is built on a a massively scalable streaming architecture. The company is based in San Mateo, California is backed by Andreessen Horowitz, Charles River Ventures, General Catalyst, and Tiger Global Management.

Splunk said the acquisition strengthens its position as a leader in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.

“We live in a cloud-first world, where developers must have the ability to monitor and observe cloud-native infrastructure and applications in real-time, whether via logs, metrics or tracing. The power of Splunk and SignalFx allows our customers to monitor any relevant data at massive scale,” said Doug Merritt, President and CEO, Splunk. “I’m thrilled to welcome SignalFx to the Splunk team, and can’t wait to show our customers how our data platform can help them turn data into doing.”

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Splunk to acquire SignalFx for cloud monitoring

Splunk agreed to acquire SignalFx, a provider of SaaS real-time monitoring and metrics for cloud infrastructure, microservices and applications. The purchase price is approximately $1.05 billion, to be paid approximately 60% in cash and 40% in Splunk common stock.

SignalFX's analytics is built on a a massively scalable streaming architecture. The company is based in San Mateo, California is backed by Andreessen Horowitz, Charles River Ventures, General Catalyst, and Tiger Global Management.

Splunk said the acquisition strengthens its position as a leader in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications. 

“Data fuels the modern business, and the acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale,” said Doug Merritt, President and CEO, Splunk. “SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle. We are also incredibly impressed by the SignalFx team and leadership, whose expertise and professionalism are a strong addition to the Splunk family.”

“By joining Splunk, we will create a powerful monitoring platform - one ready to support CIOs whether they have fully embraced cloud or have existing applications in the data center,” said Karthik Rau, Founder and CEO, SignalFx. “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. The SignalFx team is thrilled to join Splunk to help CIOs capitalize upon the modern application portfolio.”

https://www.splunk.com/en_us/newsroom/press-releases/2019/splunk-to-acquire-cloud-monitoring-leader-signalfx.html

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SignalFx Launches its Advanced Monitoring Platform

SignalFx, a start-up based in San Mateo, California, emerged from stealth-mode and launched its SaaS-based monitoring platform for modern applications.

The company's "SignalFlow" streaming and historical analytics technology is designed to scale to provide an interactive, system-wide view of applications and infrastructure. SignalFx aims to detect aggregate patterns and anomalies across their distributed applications in real-time.

SignalFx also announced $28.5 million in total funding from top tier Silicon Valley investors Andreessen Horowitz and Charles River Ventures.

“Today’s launch of SignalFx is just the beginning of our team’s work to reinvent monitoring for modern applications,” said Phillip Liu, Founder and CTO of SignalFx. “An analytics-based approach to monitoring is essential for modern applications—with SignalFx and SignalFlow technology, our customers can focus their efforts on interpreting operational metrics, discovering key patterns, and communicating insights with one another rather than building and supporting an undifferentiated metrics infrastructure. We plan to invest aggressively in our monitoring platform so that our customers can deliver well-built, reliably performing, rapidly improving applications time and time again.”

https://signalfx.com

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