Splunk Phantom Security Orchestration & Automation Harness the full power of your existing security investments with security orchestration, automation and response. The acquisition is expected to close during the first half of 2018, subject to customary closing conditions and … Customers will be able to use Splunk® technology for orchestration and automation as an integral part of their Security Operations Center (SOC) platform to accelerate incident response while addressing the skills shortage. The data analytics service provider Splunk is giving itself a security upgrade with its $350 million cash and stock acquisition of the security automation technology developer, Phantom Cyber. Splunk has acquired quite a few companies over the last couple of years, which have proven to be a great addition to their Big Data Platform. RELATED STORIES: Splunk acquires SignalFx for $1.05 billion There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: difficulties encountered in closing and integrating the merged business, technologies, personnel and operations; costs related to the acquisition; market acceptance of the acquisition and resulting products and services; Splunk’s inability to realize value from its significant investments in its business, including product and service innovations; and general market, political, economic and business conditions. Phantom acquired by Splunk. Other users assigned the admin role still count against a seat-based license. Organizations use market-leading Splunk solutions with machine learning to solve their toughest IT, Internet of Things and security challenges. Splunk, Splunk>, Listen to Your Data, The Engine for Machine Data, Splunk Cloud, Splunk Light and SPL are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. © 2018 Splunk Inc. All rights reserved. Under the terms of the agreement, Splunk will acquire Phantom for a total purchase price of approximately $350 million, subject to adjustment, to be paid in cash and stock. Splunk Inc. (NASDAQ: SPLK) turns machine data into answers. Splunk keeps growing! Acquiring Organization: Splunk Splunk provides operational intelligence software that monitors, reports, and analyzes real-time machine data. Splunk, Splunk>, Listen to Your Data, The Engine for Machine Data, Splunk Cloud, Splunk Light and SPL are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. bbode@splunk.com. © 2018 Splunk Inc. All rights reserved. Splunk’s acquisition of Phantom Cyber adds security orchestration, automation and response to Splunk’s portfolio and extends automation capabilities to Splunk's customers in security and IT. Splunk Mission Control Modernize security operations ... Lead and Inspire Talent Acquisition for Product and Design; Become a trusted partner to our Product and Design leadership at the SVP, and VP level. “Splunk is committed to continuously pushing the limits of technology to help our customers get the answers they need from their data. Join millions of passionate users and discover your “aha” moment with Splunk today: http://www.splunk.com. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. Analysts can use the /action command to quickly run one of the actions Splunk Phantom supports.. Under the terms of the agreement, Splunk will acquire Phantom for a total purchase price of approximately $350 million, subject to adjustment, to be paid in cash and stock. SAN FRANCISCO – February 27, 2018 – Splunk Inc. (NASDAQ: SPLK), first in delivering “aha” moments from machine data, today announced a definitive agreement to acquire Phantom Cyber Corporation, a leader in Security Orchestration, Automation and Response (SOAR). Phantom’s SOAR platform offers automation capabilities that will also assist IT teams in solving challenges in a widening range of use cases, including Artificial Intelligence for IT Operations (AIOps). Splunk will allow us to supercharge that,” said Oliver Friedrichs in a April 9 blog post on Splunk’s website. We are thrilled to empower Splunk customers to solve these important challenges.”, SOAR platforms improve the efficiency of security operations by automating tasks, orchestrating workflows, improving collaboration, and enabling organizations to respond to incidents at machine speed. The Company’s most targeted sectors include … Under the terms of the agreement, Splunk will acquire Phantom for a total purchase price of approximately $350 million, subject to adjustment, to be paid in cash and stock. A few months ago, Splunk announced the acquisition of Phantom, a SOAR – Security Orchestration, Automation & Response platform. Influence Leaders and team through data and metrics. Arguably the most powerful, yet unknown to many, case management feature of Phantom is … Splunk’s largest acquisition to date was in 2019, when it acquired SignalFx for $1.1B. Additional information on potential factors that could affect Splunk’s financial results is included in the company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2018, which is on file with the U.S. Securities and Exchange Commission. A data platform built for expansive data access, powerful analytics and automation, Automate workflow, investigation and response, Detect unknown threats and anomalous behavior with ML, Monitor and manage hybrid and multicloud environments, Improve application performance and reliability, Modernize IT with the industry-leading AIOps platform, Automate incident response to increase uptime, Transform your organization by accelerating your cloud journey, Empower the business to innovate while limiting risks, Go from running the business to transforming it, Accelerate the delivery of exceptional user experiences, Bring data to every question, decision and action across your organization, See why organizations around the world trust Splunk, Accelerate value with our powerful partner ecosystem, Thrive in the Data Age and drive change with our data platform, Learn how we support change for customers and communities, Clear and actionable guidance from Splunk Experts, Find answers and guidance on how to use Splunk, Splunk Application Performance Monitoring. Ken Tinsley Splunk plans to purchase security orchestration and automation pioneer Phanton Cyber Corp. for $350 million in … Oliver Friedrichs, Founder and CEO, Phantom will report to Haiyan Song, senior vice president and general manager of security markets, Splunk. The acquisition is expected to close during the first half of 2018, subject to customary closing conditions and … Overview. SAN FRANCISCO -- (BUSINESS WIRE)--Apr. For more information about Splunk and Phantom, visit the Splunk website. Staff Cybersecurity Advisor, Splunk. That deal came several months after Splunk's $350 million purchase of Phantom, makers of a security orchestration platform. “Phantom’s employees and technology significantly expand and strengthen Splunk’s vision for the security nerve center and for business revolution through IT,” said Doug Merritt, President and CEO, Splunk. For more information, visit the Phantom website to register and download Phantom Community edition for free. A data platform built for expansive data access, powerful analytics and automation, Automate workflow, investigation and response, Detect unknown threats and anomalous behavior with ML, Monitor and manage hybrid and multicloud environments, Improve application performance and reliability, Modernize IT with the industry-leading AIOps platform, Automate incident response to increase uptime, Transform your organization by accelerating your cloud journey, Empower the business to innovate while limiting risks, Go from running the business to transforming it, Accelerate the delivery of exceptional user experiences, Bring data to every question, decision and action across your organization, See why organizations around the world trust Splunk, Accelerate value with our powerful partner ecosystem, Thrive in the Data Age and drive change with our data platform, Learn how we support change for customers and communities, Clear and actionable guidance from Splunk Experts, Find answers and guidance on how to use Splunk, Splunk Application Performance Monitoring, Advance cyber defense and reduce organizational risk using analytics-driven security, Respond faster by accelerating incident response, Work smarter and reduce staffing and skills challenges. The acquisition is expected to close in the second half of fiscal 2020, subject to customary closing conditions and regulatory reviews. This number includes local accounts in Splunk Phantom and accounts authenticated or managed by external services such as SAML2, LDAP, or OpenID. Splunk Inc. has agreed to acquire venture-backed Phantom Cyber Corp. for about $350 million in cash and stock, as the big-data specialist seeks to expand its cybersecurity offerings. Actions run with /action are the same actions that are found in the Run Action dialog box, but the names of the actions are formatted with underscores ( _ ) instead of spaces. According to Gartner**, “By 2022, 40% of all large enterprises will combine big data and machine learning functionality to support and partially replace monitoring, service desk and automation processes and tasks, up from 5 percent today.”. © 2005-2021 Splunk Inc. All rights reserved. For Splunk, which went public in 2012, SignalFx will be its largest acquisition to date. Splunk, Splunk>,Turn Data Into Doing, Data-to-Everything, and D2E are trademarks or registered trademarks of Splunk Inc. in the United States and other countries. Before the SignalFx deal, Splunk's largest acquisition was the 2018 acquisition of Phantom … Friedrichs will report to Haiyan Song, Splunk’s senior vice president and general manager of security market. I am very excited to reach this definitive agreement with Phantom and look forward to welcoming the team to Splunk.”, “Sourabh Satish and I founded Phantom to give SOC analysts a powerful advantage over their adversaries, a way to automatically and quickly resolve threats,” said Oliver Friedrichs, Founder and CEO, Phantom. Total equity consideration plus Phantom employee retention incentives will result in less than one percent total dilution from this transaction,” said Dave Conte, chief financial officer, Splunk. ktinsley@splunk.com, Bill Bode Splunk has completed its $350 million acquisition of Phantom Cyber, a pioneer in SOAR (security orchestration, automation, and response). The built-in user accounts for the automation and the admin users do not count against a seat-based license. He joined Splunk as part of the Phantom acquisition where he was a sales engineer working with federal customers. Splunk Inc. Splunk Inc. is an American public multinational corporation based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated big data via a Web-style interface. Phantom's expertise is in the security orchestration, automation … Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. All other brand names, product names, or trademarks belong to their respective owners. The aggregate purchase price for the transaction was approximately $350 million, excluding working capital and other adjustments, paid in cash and restricted common stock. Brandon has worked as both an analyst and engineer in a SOC, as a researcher focused on flow data, malware reverse engineering and alert prioritization, and as a prototype developer. Phantom’s SOAR platform helps organizations improve the efficiency of their Security Operations Center (SOC) by automating tasks, orchestrating workflows, improving collaboration and enabling incident response at machine speed. SAN FRANCISCO – April 9, 2018 – Splunk Inc. (NASDAQ: SPLK), first in delivering “aha” moments from machine data, today announced that it has closed the acquisition of Phantom Cyber Corporation, a leader in Security Orchestration, Automation and Response (SOAR). Early this morning, I received news that Splunk intends to acquire Phantom Cyber Corporation for $350 million. Additional information on potential factors that could affect Splunk’s financial results is included in the company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2017, which is on file with the U.S. Securities and Exchange Commission. Under the terms of the agreement, Splunk will acquire SignalFx for a total purchase price of approximately $1.05 billion, subject to adjustment, to be paid approximately 60% in cash and 40% in Splunk common stock. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the expected benefits of the acquisition of Phantom, the impact of the acquisition on Splunk’s products and services, the capabilities of Phantom’s products and services and the expected benefits of the combined offerings. Splunk (the product) captures, indexes and correlates real-time data in a searchable repository from which it can generate graphs, reports, alerts, dashboards and visualizations. “Combining SOAR with the industry’s leading big data platform is a revolutionary advance for security and IT teams and will further cut down the time it takes them to eliminate threats and keep the business running. Splunk on Tuesday announced that it's acquiring Phantom Cyber Corporation for $350 million. All other brand names, product names, or trademarks belong to their respective owners. Organizations use market-leading Splunk solutions with machine learning to solve their toughest IT, Internet of Things and security challenges. SAN FRANCISCO – April 9, 2018 – Splunk Inc. (NASDAQ: SPLK), first in delivering “aha” moments from machine data, today announced that it has closed the acquisition of Phantom Cyber Corporation, a leader in Security Orchestration, Automation and Response (SOAR). Splunk Phantom Automate workflow, investigation and response. 415.706.1236 The combination will help SecOps teams to: Once integrated with the Splunk platform, IT teams will be able to leverage these automation capabilities to help solve automation challenges in a widening range of use cases, including Artificial Intelligence for IT Operations (AIOps). Acquired Organization: Phantom Phantom is a purpose-built, community-powered security automation, and orchestration platform. Splunk Inc. For example, the action geolocate ip becomes geolocate_ip. In the short term, business will remain the usual, suggested Friedrichs. *Gartner, Innovation Insight for Security Orchestration, Automation and Response by Claudio Neiva, Craig Lawson, Toby Bussa, Gorka Sadowski, May 30, 2017, **Gartner, Market Guide for AIOps Platforms, Will Cappelli, Colin Fletcher, Pankaj Prasad, August 03, 2017. 9, 2018-- Splunk Inc. (NASDAQ: SPLK), first in delivering “aha” moments from machine data, today announced that it has closed the acquisition of Phantom Cyber Corporation, a leader in Security Orchestration, Automation and Response (SOAR). The deal is expected to close during the first half of 2018. How the Phantom acquisition changed Splunk's approach to automation Security orchestration and automation specialist has now been folded into a broader Splunk security platform as the vendor leans in to automation for operations By Scott Carey (Computerworld UK) 28 … Splunk has acquired 13 companies, including 9 in the last 5 years. Splunk, which produces software for searching, monitoring, and analyzing machine-generated big data, closed the acquisition of Phantom Cyber Corporation April 9. “The combination of Splunk’s machine data platform with Phantom’s SOAR technology will accelerate a new age of analytics-driven security and expand Splunk’s vision as the security nerve center for SOCs around the world.”. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 2 July 2018. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. All other brand names,product names,or trademarks belong to their respective owners. Check out our conversation with Haiyan Song from the … Summary. The acquisition is expected to close during the first half of 2018, subject to customary closing conditions and regulatory reviews. Splunk to Acquire Phantom $350 million deal scheduled to close Q1 2018. Splunk Acquires Phantom On April 9, 2018, Splunk acquired Phantom Cyber, a company that provides security orchestration, automation and response capabilities that enable security teams to dramatically scale their operations efforts. With the acquisition of Phantom by Splunk now complete, we can begin integrating our two companies for the benefit of our users, customers, and partners. Splunk, Splunk>,Turn Data Into Doing, Data-to-Everything, and D2E are trademarks or registered trademarks of Splunk Inc. in the United States and other countries. This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the expected benefits of the acquisition of Phantom, the impact of the acquisition on Splunk’s products and services, the capabilities of Phantom’s products and services, and expected dilution to Splunk stockholders. As part of the acquisition Phantom’s founder and CEO Oliver Friedrichs will report to Splunk’s senior vice president and general manager of security markets, Haiyan Song. “The majority of purchase price consideration will be paid from cash on our balance sheet. Under the terms of the agreement, Splunk will acquire Phantom for a total purchase price of approximately $350 million, subject to adjustment, to be paid in cash and stock. Here's why Big Data-analytics provider Splunk is buying the cybersecurity startup Phantom Cyber for $350 million—it's biggest deal to date. “The majority of purchase price consideration will be paid from cash on our balance sheet. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: difficulties encountered in integrating the business, technologies, personnel and operations; costs related to the acquisition and integration; market acceptance of the acquisition and resulting products and services; Splunk’s inability to realize value from its significant investments in its business, including product and service innovations; and general market, political, economic and business conditions. Phantom adds to Splunk’s growing security profile, lining up with its $200 million Caspida acquisition in July, 2015 and last October’s buyout of SignalSense for an undisclosed sum. Join millions of passionate users and discover your “aha” moment with Splunk today: http://www.splunk.com. Automation and orchestration are integral parts of security customers’ SOC strategies to accelerate incident response while addressing the security skills shortage. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Splunk has acquired in 4 different US states, and 3 countries. Along with its partners, Splunk had solid SOAPA offerings before this acquisition. 415.848.8476 Save . Splunk Inc. (NASDAQ: SPLK) turns machine data into answers. “Today marks an exciting new era for Splunk and Phantom customers, partners and employees,” said Doug Merritt, President and CEO, Splunk. According to Gartner*, “By year-end 2020, 15% of organizations with a security team larger than five people will leverage SOAR tools for orchestration and automation reasons, up from less than 1% today.”. Splunk Phantom is an amazing software used to automate cybersecurity processes, however, many companies do not know that they could also be using Phantom for case management. With Phantom in tow however, Splunk can now check most of the SOAPA boxes on its own. Run an action in Splunk Phantom. Acquisition. © 2005-2021 Splunk Inc. All rights reserved. With Splunk Phantom, execute actions in seconds not hours. The Phantom deal is Splunk’s largest acquisition to date. Slowly but surely, Splunk is surrounding its core SIEM with additional functionality like behavioral analytics, regulatory compliance, fraud detection, and insider threat detection. It now commands expertise in real-time threat detection, breach detection and security automation. All other brand names,product names,or trademarks belong to their respective owners. 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