Aug
21
2019
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Splunk acquires cloud monitoring service SignalFx for $1.05B

Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about $1.05 billion. Approximately 60% of this will be in cash and 40% in Splunk common stock. The companies expect the acquisition to close in the second half of 2020.

SignalFx, which emerged from stealth in 2015, provides real-time cloud monitoring solutions, predictive analytics and more. Upon close, Splunk argues, this acquisition will allow it to become a leader “in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.”

Indeed, the acquisition will likely make Splunk a far stronger player in the cloud space as it expands its support for cloud-native applications and the modern infrastructures and architectures those rely on.

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Ahead of the acquisition, SignalFx had raised a total of $178.5 million, according to Crunchbase, including a recent Series E round. Investors include General Catalyst, Tiger Global Management, Andreessen Horowitz and CRV. Its customers include the likes of AthenaHealth, Change.org, Kayak, NBCUniversal and Yelp.

“Data fuels the modern business, and the acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale,” said Doug Merritt, president and CEO, Splunk, in today’s announcement. “SignalFx will support our continued commitment to giving customers one platform that can monitor the entire enterprise application lifecycle. We are also incredibly impressed by the SignalFx team and leadership, whose expertise and professionalism are a strong addition to the Splunk family.”

Apr
02
2019
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How to handle dark data compliance risk at your company

Slack and other consumer-grade productivity tools have been taking off in workplaces large and small — and data governance hasn’t caught up.

Whether it’s litigation, compliance with regulations like GDPR or concerns about data breaches, legal teams need to account for new types of employee communication. And that’s hard when work is happening across the latest messaging apps and SaaS products, which make data searchability and accessibility more complex.

Here’s a quick look at the problem, followed by our suggestions for best practices at your company.

Problems

The increasing frequency of reported data breaches and expanding jurisdiction of new privacy laws are prompting conversations about dark data and risks at companies of all sizes, even small startups. Data risk discussions necessarily include the risk of a data breach, as well as preservation of data. Just two weeks ago it was reported that Jared Kushner used WhatsApp for official communications and screenshots of those messages for preservation, which commentators say complies with record keeping laws but raises questions about potential admissibility as evidence.

Nov
27
2018
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AWS launches a base station for satellites as a service

Today at AWS Re:invent in Las Vegas, AWS announced a new service for satellite providers with the launch of AWS Ground Station, the first fully-managed ground station as a service.

With this new service, AWS will provide ground antennas through their existing network of worldwide availability zones, as well as data processing services to simplify the entire data retrieval and processing process for satellite companies, or for others who consume the satellite data.

Satellite operators need to get data down from the satellite, process it and then make it available for developers to use in applications. In that regard, it’s not that much different from any IoT device. It just so happens that these are flying around in space.

AWS CEO Andy Jassy pointed out that they hadn’t really considered a service like this until they had customers asking for it. “Customers said that we have so much data in space with so many applications that want to use that data. Why don’t you make it easier,” Jassy said. He said they thought about that and figured they could put their vast worldwide network to bear on the problem. .

Prior to this service, companies had to build these base stations themselves to get the data down from the satellites as they passed over the base stations on earth wherever those base stations happened to be. It required that providers buy land and build the hardware, then deal with the data themselves. By offering this as a managed service, it greatly simplifies every aspect of the workflow.

Holger Mueller, an analyst at Constellation Research says that the service will help put the satellite data into the hands of developers faster. “To rule real world application use cases you need to make maps and real-time spatial data available in an easy-to-consume, real time and affordable way,” Mueller told TechCrunch. This is precisely the type of data, you can get from satellites.

The value proposition of any cloud service has always been about reducing the resource allocation required by a company to achieve a goal. With AWS Ground Station, AWS handles every aspect of the satellite data retrieval and processing operation for the company, greatly reducing the cost and complexity associated with it.

AWS claims it can save up to 80 percent by using an on-demand model over ownership. They are starting with two ground stations today as they launch the service, but plan to expand it to 12 by the middle of next year.

Customers and partners involved in the Ground Station preview included Lockheed Martin, Open Cosmos, HawkEye360 and DigitalGlobe, among others.

more AWS re:Invent 2018 coverage

Mar
14
2016
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Alooma scores $11.2 million Series A to solve data science pain points

Data scientist in front of giant board with mathematical formulas. Alooma, an Israeli startup that helps companies process and work with big data in real time delivered as a cloud service, announced an $11.2 million Series A round today led by Lightspeed Venture Partners and Sequoia Capital. The product focuses on the people working with data like data scientists and end users with advanced degrees in mathematics and machine learning, rather than… Read More

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