
“Sourabh Satish and I founded Phantom to give SOC analysts a powerful advantage over their adversaries, a way to automatically and quickly resolve threats,” said Oliver Friedrichs, Founder and CEO, Phantom. I am very excited to reach this definitive agreement with Phantom and look forward to welcoming the team to Splunk.” “Splunk is committed to continuously pushing the limits of technology to help our customers get the answers they need from their data.

“Phantom’s employees and technology significantly expand and strengthen Splunk’s vision for the security nerve center and for business revolution through IT,” said Doug Merritt, President and CEO, Splunk. Oliver Friedrichs, Founder and CEO, Phantom will report to Haiyan Song, senior vice president and general manager of security markets, Splunk. The acquisition is expected to close during the first half of 2018, subject to customary closing conditions and regulatory reviews. Under the terms of the agreement, Splunk will acquire Phantom for a total purchase price of approximately $350 million, subject to adjustment, to be paid in cash and stock.

(NASDAQ: SPLK), first in delivering “aha” moments from machine data, today announced a definitive agreement to acquire Phantom Cyber Corporation, a leader in Security Orchestration, Automation and Response (SOAR).
