Re:Splunk (big data) IPO Raises $229.5 million ($1.6 billion...
by nl on Thursday April 19, 2012 @07:45PM
(#3865785)
They have a viable business.
It's enterprise software and they are the market leaders for the whole "unstructured data analysis" segment (which is a real segment, and has real demand)
That makes the business essentially a sales organization with a R&D wing. The CEO "is well known for taking Hyperion from $500M in 2001 to revenues of almost $1B in 2007"[1], so he seems to understand that process well.
It's enterprise software and they are the market leaders for the whole "unstructured data analysis" segment (which is a real segment, and has real demand)
That makes the business essentially a sales organization with a R&D wing. The CEO "is well known for taking Hyperion from $500M in 2001 to revenues of almost $1B in 2007"[1], so he seems to understand that process well.
[1] http://www.splunk.com/view/about-us/SP-CAAAAH8