Splunk that offers data monitoring and analyzing tools for machine-generated data has announced that it is going with an apparent intention to acquire Cloud Security company TruSTAR for an undisclosed amount.
The California-based company has just disclosed its intention to buy the San Francisco-based organization only if all the stipulations about M&A are fulfilled to the core and if it is in the proposed budget of its members.
Founded in the year 2016, TruStar has emerged as one of the renowned companies that offer efficient software that simplifies threat detection making response simpler and efficient. Thus, customers can avail of the service to simplify the operations related to security intelligence across their teams, tools, and partners.
“Splunk values data and offers a related technology that can transform data into business and for that reason, we have plans to acquire cloud-based security intelligence from TruSTAR that will add zeal to Splunk Data-To-Everything platform by enriching detection and response workflows with automated tools”, says Sendur Sellakumar, Senior Vice President, Splunk.
Note 1- Splunk has disclosed its intention to buy TruStar keeping in mind all the risks and uncertainties impacting its products and services in the future. And so the company has pronounced a ‘Safe Harbor Statement’; categorically dismissing any kind of legal hassles that might arise after the announcement.
Note 2- Patrick Coughlin, the CEO, and Founder of TruStar stated on Twitter that his company is thrilled to join Splunk- confirming the report.