Splunk just spent millions to buy a hot security startup

July 10, 2015, 4:14 AM UTC
Digital security concept
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Data analytics company Splunk is adding some serious security skills to its number crunching technology.

The San Francisco company, which went public in 2012, said on Thursday that it acquired a Palo Alto-based security company called Caspida for a total of $190 million.

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.

Splunk’s service sifts through what is known as machine data, a type of data generated by computers, servers, and sensors in connected devices. Through analyzing all this data, companies can supposedly run their infrastructure more efficiently because they are able to get a clearer picture of how their hardware is performing.

Splunk (SPLK) claims that its ability to analyze machine data in combination with Caspida’s bug snooping technology will help create a better overall security product.

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