https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
  • MSP 501
    • Back
    • MSP 501 Rankings
    • NextGen 101 Rankings
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Channel Futures 20: Top Tech Providers
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2023 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Technology Advisor 101 (TA 101)
    • Channel Leaders Lists
  • Events
    • Back
    • 2023 Call for Speakers
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Technology Solutions Brokerages
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
  • MSP 501
    • Back
    • MSP 501 Rankings
    • NextGen 101 Rankings
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
  • Channel Futures TV
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
  • Resources
    • Back
    • Channel Futures 20: Top Tech Providers
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Advertise
    • 2023 Editorial Calendar
  • Awards
    • Back
    • 2022 MSP 501
    • Channel Influencers
    • Circle of Excellence
    • DE&I 101
    • Technology Advisor 101 (TA 101)
    • Channel Leaders Lists
  • Events
    • Back
    • 2023 Call for Speakers
    • CP Conference & Expo
    • MSP Summit
    • Channel Partners Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • About Us
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Security


Shutterstock

Merger rumor

Splunk, Despite Messaging That’s ‘a Tad Bit Weak,’ Now a Strong Acquisition Target

  • Written by Edward Gately
  • March 8, 2018
Argus Research says Splunk could be targeted for acquisition by a larger enterprise software firm.

**Editor’s Note: Please click here for a recap of the biggest channel-impacting merger and acquisition news from February.**

Splunk‘s stock got a boost Thursday after an Argus Research analyst gave the company a positive outlook and said it could become an acquisition target for a larger enterprise software firm.

Channel Partners obtained a copy of the report by Argus’ equity research analyst Joseph Bonner, in which he says Splunk is an early-stage data analytics company with a strong technology base. Although its original focus was IT operations management, Splunk has expanded into adjacent product areas such as IT network security, he said.

Argus Research's Joseph Bonner

Argus Research’s Joseph Bonner

“We believe that the company still has significant room for growth in the rapidly expanding enterprise analytics software industry,” Bonner said. “Of course, much will depend on the company’s ability to provide technology that enables clients to efficiently index, analyze, and form actionable insights from an ever-increasing mountain of data. Splunk will also need strong execution to expand its customer base, up-sell additional products to existing customers, and boost its average selling price (ASP).”

Mike Jude, Stratecast/Frost and Sullivan research manager, agrees with Argus that Splunk could be pursued by a competitor.

“We are tracking it from the standpoint of infrastructure management,” he said. “This is an area that is starting to heat up as a market, since lots of things like cloud services and the Internet of Things (IoT) are becoming more common parts of the enterprise computing infrastructure. Splunk is a strong company and is well positioned with its product line to address most of these considerations. However, currently because of the fragmented nature of the analytics market, Splunk’s messaging is a tad bit weak. Nevertheless, Splunk is on the competitive radar screens of the largest market players and would make a good acquisition target for some of them; although there aren’t many that could consume such a large target.”  

Last week, Splunk announced it is acquiring Phantom Cyber, a provider of security orchestration, automation and response, for about $350 million. The deal should be final by mid-year.

Stratecast/Frost & Sullivan's Michael Jude

Stratecast/Frost & Sullivan’s Michael Jude

“Phantom Cyber looks like another ‘acquihire’ by Splunk, and will be folded into its security markets business (an ‘acquihire’ is an acquisition made to bring on the staff as well as the technology of the target company),” Bonner said. “We think that Phantom Cyber is meant to bolster Splunk’s already formidable security analytics and automation offerings.”

International expansion is another important growth opportunity for Splunk, as most of its European and Asia Pacific sales currently come from system integration resellers, he said.

“Splunk is looking to increase its international sales to between 30 and 35 percent of total sales from 26 percent currently,” Bonner said. “The company is also looking to extend its technology into other adjacent areas, as it has already done with enterprise security and IT service monitoring. Finally, Splunk is working to develop its ecosystem of customers, partners, and, just as importantly, application developers who can build customized applications on the Splunk Enterprise platform.”

Last week, Brooke Cunningham, Splunk’s area vice president of global partner programs and operations, spoke with Channel Partners about the company’s latest partner-program enhancements and accompanying goals for continued rapid growth.

Tags: Agents Analytics Cloud EMEA IoT Mergers and Acquisitions Security

Most Recent


  • Making Waves
    7 Channel People Making Waves This Week at TD Synnex, Veeam, Kaseya, Zendesk, More
    Microsoft has discovered malicious activity by a state-sponsored threat actor based in China.
  • Businessman reading cloud computing news
    Cloud Computing News: VMware, Celigo, Google Cloud, AWS Dominate the Week
    Find out what the vendors are up to this week and how partners are impacted.
  • OffSec Partners Get Expanded Global Partner Program
    The expanded partner program includes three new partner types.
  • Alvaria - Gary Levy feature for Channel People on the Move
    Channel People on the Move: HPE, Lumen, Sophos, TD Synnex, AireSpring, More
    Also featured are moves at Aryaka, Google Cloud, Ringover, Zift Solutions, Wasabi and many more.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Conflict Boxing Gloves
    Channel Conflict, Controversy: SolarWinds Hack, Racism, Layoffs, Zoom-RingCentral
  • Social media smartphone
    Social Media Roundup: Partners Talk Crypto, Security Hiring
  • Europe skyline
    The Master Agent Model Is Taking Off in Europe
  • PlanetOne Gainey Golf Event Feature
    PlanetOne Golf Event: In-Person Channel Networking Makes Big Comeback

Upcoming Events

View all

Channel Partners Europe

June 13, 2023 - June 14, 2023

Channel Futures Leadership Summit

October 30, 2023 - November 2, 2023

Channel Partners Conference & Expo

March 11, 2024 - March 14, 2024

Galleries

View all

7 Channel People Making Waves This Week at TD Synnex, Veeam, Kaseya, Zendesk, More

June 2, 2023

Cloud Computing News: VMware, Celigo, Google Cloud, AWS Dominate the Week

June 2, 2023

Channel People on the Move: HPE, Lumen, Sophos, TD Synnex, AireSpring, More

June 1, 2023

Industry Perspectives

View all

Dell Technologies World: Dell Apex Expanded Across On-Premises, Cloud and Edge

May 22, 2023

Identity Is Increasingly Valuable – and Targeted

May 18, 2023

Gaining a Competitive Advantage through AV Managed Services

May 10, 2023

Webinars

View all

From Problem to Profit: Mastering the Science of Selling Using Business Outcomes

May 9, 2023

Meet the 2023 Channel Futures Channel Influencers

April 13, 2023

DE&I Dialogue: How the Right DE&I Initiatives Can Propel Your Business

April 5, 2023

White Papers

View all

6 UCaaS Reseller Challenges and How Real World Businesses Solved Them

February 1, 2023

Frost Radar: North American UCaaS Market, 2022

February 1, 2023

The Complete Guide to White-Label UCaaS for Reseller Success

February 1, 2023

Channel Futures TV

View all

Coffee with Craig and James Episode No. 123: MartinWolf M&A Advisors, CP Expo Preview

UScellular Takes On Rivals with Partner Program Simplicity

April 21, 2023

OpenText Simplifying Deal Registration, Doubling Down on MDF

April 21, 2023

Everything-as-a-Service: CloudBlue Touts Critical Customer Transition

April 18, 2023

Twitter

MSP 501

The industry's largest and most comprehensive partner awards program.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2023 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X