Splunk Buys Cloudmeter

(RTTNews) - Splunk Inc. (SPLK) said Tuesday it has acquired Cloudmeter, Inc., a provider of network data capture technologies.

Terms of the deal were not disclosed, but Splunk said the deal was funded with cash from its balance sheet.

Founded in 2007, Cloudmeter was one of the early companies to identify the value in the massive amounts of data that flow through organizations' networks. Cloudmeter helps customers harvest network traffic to create actionable insights across a broad range of use cases. The addition of Cloudmeter will enhance the ability of Splunk customers to analyze machine data directly from their networks and correlate it with other machine-generated data to gain insights across Splunk's core use cases in application and infrastructure management, IT operations, security and business analytics.