Splunk Spends $190m on Start-Up to Upgrade Cyber Security Offerings

July 13, 2015 at 1:34 pm By

Splunk, the San Francisco based company that is a leading platform in operational intelligence has made a $190m deal to purchase security start-up Caspida in an effort to expand what it offers by way of cyber security.

“Caspida’s technology centers on detecting malware or unusual activity inside a corporate network. If there’s a bug in the network or if someone hacked into it and is trying to snoop around areas where sensitive information is stored, Caspida’s machine-learning algorithms can supposedly notice the odd behavior, and then Caspida’s software will sound the alarms,” according to Fortune

Splunk, founded in 2005, works with companies to analyze machine data to help companies “supposedly run their infrastructure more efficiently because they are able to get a clearer picture of how their hardware is performing.”

By buying Caspida, Splunk is looking to best help companies detect advanced and insider threats to guarantee a certain level of cyber security. Cyber security is an increasingly important tool for companies to be privy to as talented hackers can earn significant amounts of money exposing and selling vulnerabilities in company systems.

Recent high profile breaches have shown us the significance of identity and user credentials as an attack surface, and our combined solution will initially focus on delivering User and Entity Behavioral Analytics to help our customers with this critical security need,” said Splunk CEO Godfrey Sullivan in a blog post on the company’s site.

“Splunk…claims that its ability to analyze machine data in combination with Caspida’s bug snooping technology will help create a better overall security product,” Fortune said. 

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