Splunk Looks For Cybersecurity Boost With $190M Caspida Purchase

By Jeremy C. OwensMarketWatch Pulse

Big-data software firm Splunk Inc. made a move to improve its cybersecurity offering Thursday, announcing the acquisition of Caspida for about $190 million. Caspida uses machine learning to automatically detect threats within a network and work to remove them. "With this acquisition, our customers can now also better detect advanced threats -- the breaches that are becoming more complex and severe with each passing day," Splunk security executive Haiyan Song said in a prepared statement. Splunk paid $127 million in cash and $63 million in stock, and expects the deal to add to its top line next year. Splunk shares were unchanged in after-hours trading.

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