UPDATED 18:00 EDT / JANUARY 13 2012

NEWS

Splunk May Be Valued at $1.2 Billion. Still Lots of Opportunity for Consultants.

Word in Silicon Valley is that Splunk, which has filed its S-1, may be valued at $1.2 billion says SiliconAngle founder and CEO John Furrier. The S-1 is a sign that a company will soon file for an IPO. You can find the paperwork here.

Splunk has been rumored to be planning an IPO since last month. Earlier this week it launched a new version of its product, which makes it easier to search and data mine machine data such as log files for insights. The company refers to this as “operational intelligence.”

From what we’ve been hearing, Splunk is really killing it, but is now facing competition from a range of companies including Loggly (founded by former Splunk employees), Nodeable and LogLogic.

But Splunk may have one big advantage in its existing relationships with system integrators. Lately we’ve been hearing more lately about Splunk being used for big data analytics applications such as more traditional BI. Splunk is certainly embracing this idea with the new version, and executives have been talking up the way it can be used much like you’d use other NoSQL databases.

That’s a big opportunity for consultants who can help companies leverage Splunk for new applications. And it’s a big advantage for Splunk having those consultants in their corner.


A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU