Splunk Announces Agreement to Acquire BugSense
Splunk (NASDAQ: SPLK), the leading software platform for real-time operational intelligence, today announced it has entered into an agreement to acquire BugSense Inc., a leading analytics solution for machine data generated by mobile devices. The addition of BugSense will enhance the ability of Splunk customers to analyze machine data directly from mobile devices and correlate it with other machine-generated data to gain operational intelligence.
“Enterprise applications and IT investments are increasingly shifting to mobile, making it an important source of data for operational intelligence,” said Godfrey Sullivan, Chairman and CEO, Splunk. “BugSense has a strong mobile development team and is an exciting addition to our product portfolio. Our goal is to make it easier for customers to gain insights from machine data generated by mobile devices, along with other machine-generated data, across Splunk's core use cases in IT operations, security, application management and business analytics.”
Founded in 2011, BugSense provides developers and users rich analytics across a wide variety of use cases including mobile app performance, app quality, troubleshooting and usage based on data from mobile devices. BugSense supports all major mobile platforms, including Android, iOS and Windows Phone, via its mobile software development kits (SDKs). Today, BugSense enables users to analyze data from hundreds of millions of mobile devices through a highly scalable cloud platform.
“BugSense was founded by a team of experienced developers who share a passion for improving visibility and gaining valuable insights into data from mobile devices,” said Jon Vlachoyiannis, co-founder and CTO, BugSense. “We have admired Splunk over the years and are pleased to join a growing organization that is a leader in big data analytics. With the combination of our expertise in mobile and Splunk's focus on operational intelligence for machine data, we are looking forward to building new capabilities that allow our joint customers to capture the value of machine data generated by mobile devices.”
Sullivan and Vlachoyiannis will discuss the joint opportunity in greater detail during the keynote session at .conf2013, the 4th Annual Splunk Worldwide Users' Conference, being held September 30-October 3 at The Cosmopolitan in Las Vegas.
Terms of the transaction were not disclosed. The transaction, which will be funded with cash from Splunk's balance sheet, is subject to customary closing conditions and expected to close during Splunk's fiscal third quarter 2014.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk's proposed product offerings, future product capabilities and investments in product development. 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 closing and integrating BugSense's business; whether the companies can successfully develop new products or modify existing products and the degree to which these gain market acceptance; and the competitive environment in the software industry and competitive responses to the acquisition.
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, 2013, 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) provides the engine for machine data™. Splunk® software collects, indexes and harnesses the machine-generated big data coming from the websites, applications, servers, networks, sensors and mobile devices that power business. Splunk software enables organizations to monitor, search, analyze, visualize and act on massive streams of real-time and historical machine data. More than 6,000 enterprises, universities, government agencies and service providers in over 90 countries use Splunk Enterprise to gain Operational Intelligence that deepens business and customer understanding, improves service and uptime, reduces cost and mitigates cyber-security risk. Splunk Storm™, a cloud-based subscription service, is used by organizations developing applications in the cloud.
To learn more, please visit www.splunk.com/company.
Splunk, Splunk>, Splunk Storm, Listen to Your Data, SPL and The Engine for Machine Data 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. © 2013 Splunk Inc. All rights reserved.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.