Article published by: https://www.sdxcentral.com/
Author: Linda Hardesty
Source URL: https://www.sdxcentral.com/articles/news/machine-data-firm-splunk-buys-phantom-cyber-350-million/2018/02/
Splunk, a company that taps machine data for operational insights, is buying Phantom Cyber, a provider of security orchestration, automation, and response (SOAR) for about $350 million in cash and stock. The acquisition is expected to close during the first half of 2018.
Oliver Friedrichs, founder and CEO of Phantom, will report to Haiyan Song, senior vice president and general manager of security markets at Splunk.
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