Splunk adds new pricing options and launches venture capital arm
Splunk Inc. is introducing new pricing options, an assortment of new partner initiatives and the establishment of a venture capital arm to invest in data-focused businesses.
The company, which Gartner Inc. ranks as No 2 behind IBM Corp. in the market for searching, monitoring and analyzing machine-generated data, is introducing what it calls Data-to-Everything with three options.
Predictive Pricing establishes predefined pricing tiers beginning at 125 gigabytes for Splunk Enterprise, Splunk IT Service Intelligence and Splunk Enterprise Security that scales with usage. Infrastructure-Based Pricing enables Splunk Enterprise customers to pay based upon the computing power needed to run the software on-premises and in the cloud.
Finally, a set of new “Rapid Adoption” packages starting at a retail price of $10,000 cover between three and five use cases such as IT and security operations. Data ingestion-based pricing will continue to be available for customers who don’t want to change their licensing model.
Splunk has been on a campaign to shift to more predictable subscription revenues from its traditional packaged software licensing model. The company’s earnings continue to beat Wall Street estimates, but the stock has been weighed down by concerns about cash flow. The shift to subscriptions is intended to address those objections.
The company also announced several new partnerships, including one accounting and business services giant Accenture plc that’s expected to produce a new data analytics offering. An existing partnership with Cisco Systems Inc. has given birth to a new endpoint security analytics product built on Splunk that customers can order beginning today.
Also on the security front, Deloitte LLP’s Fusion Managed Services offerings have been expanded to include the Splunk Phantom security orchestration, automation and response platform. A new partnership with SAP SE is aimed at unspecified improvements in operational automation and customer experience.
The new investment arm, Splunk Ventures, is made up of a $100 million Innovation Fund and a $50 million Social Impact Fund. The former is focused on growth companies working with data and analytics while the latter is for companies that “are using data to drive positive social impact, workforce development, equality and sustainability.”
In addition to funding, portfolio companies will get privileged access to Splunk technology, the company’s ecosystem and co-marketing resources.
Photo: Flickr CC
Since you’re here …
Show your support for our mission by our 1-click subscribe to our YouTube Channel (below) — The more subscribers we have the more then YouTube’s algorithm promotes our content to users interested in #EnterpriseTech. Thank you.
Support Our Mission: >>>>>> SUBSCRIBE NOW >>>>>> to our Youtube Channel
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.