Splunk to acquire cloud software firm SignalFx for $1.05 billion

Data analytics software vendor Splunk would acquire SignalFx, a SaaS leader in real-time monitoring and metrics for cloud infrastructure, microservices and applications, for a total purchase price of approximately $1.05 billion.

The combination of Splunk and SignalFx will give IT and developers a data platform that allows them to monitor and observe data in real time, no matter the infrastructure or data volume, helping them cut costs, boost revenue and improve the customer experience.

This enables organizations to work across their entire data landscape, not just silos in the data center or cloud-native environments.

“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.

He added, “SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle.”

The acquisition is expected to close in the second half of fiscal 2020.

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