- Splunk (NASDAQ:SPLK) is acquiring Caspida, provider of a security software platform that attempts to uncover malware, advanced persistent threats (APTs), and insider threats with the help of machine learning and behavioral analytics. The company is paying $127M in cash, and $63M in restricted shares.
- Splunk, which received about a third of its FQ1 business from security analytics deployments, proclaims pairing its machine data analytics software (used to respond to breaches) with Caspida's offerings (used to detect breaches) will yield an unmatched end-to-end platform.
- The purchase comes amid surging corporate cybersecurity spend following numerous well-publicized breaches. Splunk: "Recent high-profile breaches show virtually all attacks happen with compromised credentials, and automated detection leveraging machine learning is the future for detecting known and unknown threats from insider and external attackers."
- Caspida is expected to contribute to revenue next year. Splunk is affirming its FY16 (ends Jan. '16) revenue, op. margin, and op. cash flow guidance.