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.
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.”