![]() Let’s go back to 2019, the year Splunk acquired SignalFX Inc. in an effort to accelerate its pivot to the cloud, observability and a subscription model. Splunk’s bumpy journey to cloud and ARRīefore we get into the survey, let’s set the table with the recent rocky road Splunk had to travel to get here.Ībove we show a five-year chart of Splunk (blue line) and the Nasdaq (yellow line). In this special Breaking Analysis, we collaborate with Enterprise Technology Research’s Erik Bradley to share the results of ETR’s recent flash survey assessing joint customer perceptions and likely spending actions as a result of the Cisco acquisition of Splunk. Our initial research shows joint customers are generally positive on the deal, particularly with respect to Cisco’s expanded portfolio in security and observability - with, however, some caveats and concerns around pricing. ![]() But questions remained with respect to its growth prospects and competitiveness in the hot observability market.įor Cisco’s part, the acquisition brings more software, an additional $4 billion in annualized recurring revenue and a chance to grow Splunk’s business, particularly internationally. Splunk’s painful transition to a cloud and subscription pricing model was largely through the knothole, as seen by its margins and recent profit-and-loss performance. represents a good outcome for Splunk and a strategic growth opportunity for Cisco. Cisco Systems Inc.’s $28 billion acquisition of Splunk Inc.
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