Splunk acquires cloud monitoring service SignalFx for $1.05B

Re:Splunk acquires cloud monitoring service SignalFx for $1.05B by brunoTbear on Wednesday August 21, 2019 @07:20PM (#20762984)

I didn't see the terms on that Tiger capital round anywhere online (very cursory search tho, so I'm open to being wrong!), but they raised $75 just 2 months ago. I wonder what the terms on that round were and what this acquisition means for the older shareholders.

Seems unlikely to be a bad deal, given that they just raised, so I'm curious why a sale happened so soon after closing a round.

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Re:Splunk acquires cloud monitoring service SignalFx for $1.05B by allana on Wednesday August 21, 2019 @08:10PM (#20763329)

Perhaps the addressable market on their own was too small (or so the team at SignalFx felt), thus now is a good time to sell.

Splunk already has Enterprise and B2B sales down cold, adding a supporting product is an easy in-sell.

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