Splunk to Purchase SignalFx

Splunk announced Aug. 21 that it will purchase SignalFx, a software-as-a-service-based platform which provides real-time monitoring and metrics for cloud infrastructure, microservices, and applications. The total purchase price for the acquisition is approximately $1.05 billion, according to Splunk. It will be paid in 60 percent cash and 40 percent Splunk common stock. The transaction is expected to close in the second half of FY2020. “SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle,” said Doug Merritt, Splunk’s CEO.