August 22 - 10:08
Splunk to buy SignalFx for $1.05 billion
Data analytics firm Splunk has agreed a $1.05 billion deal to buy SignalFx, a SaaS company specialising in real-time monitoring and metrics for cloud infrastructure, microservices and applications. Funds will be paid approximately 60% in cash and 40% in Splunk common stock. The acquisition is expected to close in the second half of fiscal 2020, subject to closing conditions and regulatory reviews.
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