Splunk Acquires Caspida

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FBR Capital Remains Bullish on Splunk (SPLK) Following Announced Caspida Acquisition

July 10, 2015 7:37 AM UTC

FBR Capital Reiterates an Outperform rating and $90.00 price target on Splunk (NASDAQ: SPLK) following announced acquisition of Caspida, Inc. Analyst Daniel Ives believes that with the addition of Caspida, Splunk's security products will continue to experience strong adoption.

Ives commented, "Last night, Splunk announced it had acquired Caspida, Inc., a leader in behavior analytics and machine learning, for $190 million. Caspida... More

Splunk (SPLK) Acquires Caspida in $190 Million Deal

July 9, 2015 4:17 PM UTC

Splunk (Nasdaq: SPLK) announced it has acquired Caspida, Inc., a leading innovator in machine learning and behavioral analytics. Under the terms of the agreement, Splunk has acquired all of the outstanding stock of Caspida for an aggregate purchase price of approximately $190 million, including approximately $127 million in cash and $63 million in restricted Splunk securities.

The combination of Splunk® and Caspida technology revolutionizes the security market by unifying... More