July 9, 2008
Splunk Blows Away Sales Forecast, Added 94 New Customers in Q2
SAN FRANCISCO, July 9 /PRNewswire/ -- Splunk, the IT Search company, today announced results for the second quarter of 2008 ended June 30. The company hit its sales forecast for the quarter adding 94 new customers and upgrading 45 existing customer deployments to higher data indexing levels. The company ended the quarter with more than 700 enterprise, service provider and government agency customers.
The most active industries contributing to the quarter were online services, telecommunications, financials services, and government agencies. New customers include T-Systems, Goldman Sachs, the U.S. Government Printing Agency, and ValueClick. "Our customers' IT infrastructures have become incredibly complex, dynamic, service oriented, virtualized and mission critical," said Michael Baum Co-founder and CEO of Splunk. "IT operations, security and compliance expenses are climbing fast and existing approaches to IT management have failed them. IT Search is proving to be the weapon of choice in the modern data center. It's scalable, versatile and invaluable with its ability to keep up with change."
Three seasoned software industry executives joined Splunk this past quarter. Phil Oreste joined as VP Finance & Operations; he was most recently CFO of Workstream and before that President & COO of Blue Titan Software. Jack Duffy joined as VP Business Development, responsible for the company's partnerships and channels. Duffy previously worked at BigFix, Portal Software, and Informix. Steve Sommer joined as VP Marketing, after having held similar roles at SuccessFactors, ArcSight, Portal Software, and Informix. "These highly experienced additions to our management team will better enable us to manage the rapid growth we're experiencing now that the IT Search product category has become a global, mainstream market," added Baum.
Splunk is a Silicon Valley company inventing large-scale, high-speed indexing and search technology for IT infrastructures. The company's freely downloadable software indexes and makes it possible to search and navigate data from any application, server or network device in real time. Logs, configurations, messages, traps and alerts, scripts and metrics. If a machine can generate it -- Splunk can index it. It's easy to download, install and use, and is very powerful. More than 700 enterprises, government organizations, and service providers and more than 200,000 users are achieving higher availability, investigating security incidents in record time, and meeting compliance requirements at lower costs with Splunk. Over 50 OEM, System Integrator, Value Added Reseller and Managed Service Provider partners have fueled their offerings with IT Search. Partners like British Telecom, IronPort, Netcordia, Proofpoint, Radware, Trigeo, Uptime Software and Voltage Security are driving new business with innovative products powered by Splunk. Download your own free copy today at http://www.splunk.com/.
Web site: http://www.splunk.com/