Splunk to buy cloud software firm SignalFx in US$1bn deal

By Staff Writer on Aug 22, 2019 1:32PM

Snaps up cloud monitoring app vendor.

Data analytics software maker Splunk Inc on Wednesday said it would acquire privately held SignalFx, which makes software for the cloud, in a cash and stock deal for about US$1.05 billion. Splunk shares rose 7.4 percent to US$137.99 in extended trade. Splunk hopes the deal will boost its ...

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