![]() We’re actually in our Santana Row office in San Jose today. The following interview has been lightly edited for clarity.Īre you in the San Francisco headquarters today? conf22, the market opportunities for Splunk and the role partners will play in leveraging those opportunities. Steele spoke with CRN in a video conference about what he has been focusing on since assuming the President and CEO post, his views on how his work at Proofpoint prepared him for his new role, his expectations for Splunk. conf22 annual user conference in Las Vegas next week, marking the first time many Splunk customers and partners will get to hear from the CEO. The company just recently announced that revenue in its fiscal 2023 first quarter (ended April 30, 2022) was up 34 percent year over year to $674 million. 31) was up 20 percent year over year to $2.67 billion. Today, the company is focused on selling its Splunk Enterprise and Splunk Cloud platforms, along with a number of applications that run on the platforms, for a range of cybersecurity and IT observability tasks.Įarlier this year, Splunk announced that revenue in the company’s fiscal 2022 (ended Jan. And in March of this year private equity firm Hellman & Friedman acquired a 7.5 percent stake in Splunk estimated to be worth $1.4 billion. In February, Cisco Systems reportedly approached Splunk about a $20-billion acquisition deal. On June 22, 2021, global private equity investment giant Silver Lake made a $1 billion investment in publicly held Splunk to strengthen the company’s balance sheet. At the time the company was also working to integrate a number of acquisitions from 20 and was negotiating a transition to subscription pricing and an annual recurring revenue business model. Splunk’s revenue slowed in the company’s fiscal 2021 during the early days of the pandemic when some businesses – especially those in the hard-hit travel, hospitality and retail sector – hit the pause button on major IT projects. Ledger in September 2020 and CTO Tim Tully in April 2021. Merritt’s departure came following a somewhat turbulent period at San Francisco-based Splunk that included the departure of several top managers including president of worldwide field operations Susan St. Steele joined Splunk after serving as the founding CEO of email security vendor Proofpoint for some 20 years before being hired in March to take the top job at Splunk. These insid.Gary Steele took the reins as President and CEO of data platform developer Splunk On April 11, filling the vacancy created in November 2021 when then-CEO Doug Merritt abruptly stepped down after more than seven years at the company, including six years as its top executive. Recent news Apple releases security updates for WebKit vulnerabilitiesĪpple has released security updates to combat the exploitation of various WebKit vulnerabilities. According to a recent story we published, it's still one of. Log4Shell hit the market hard at the end of 2021. Log4Shell in 2023: big impact still reverberates Sapphire 2023: SAP goes big on AI, what does it mean for business processes?Ī very dominant theme at SAP's Sapphire 2023 conference is definitely AI. Sapphire 2023: what’s new in ERP?Īt its annual Sapphire conference, SAP is announcing innovations to modernize ERP. Within PTC Atlas, all components of the PTC portfolio are to become available as SaaS. PTC’s SaaS platform nears completion: Creo is going to the cloud ![]() More specifically, SAP is open to helping customers use business data from th. SAP’s future-proof vision: data, context & process Following Doug Merritt’s departure, Splunk shares plunged more than 15 percent on the New York Stock Exchange. ![]() Smith’s previous roles included CFO at Salesforce. Until a new CEO is found, Graham Smith will fill the role of interim CEO. Merritt’s departure is the latest development in a number of management changes that have been taking place at Splunk since early 2020. In particular, a new CEO who is experienced in expanding operations and leading large companies. New leadership neededĪs a reason for his departure, Merritt states that the time has come for the data platform specialist to expand its business, further noting the requirement of new management for this purpose. Doug Merritt had been with Splunk since 2014 and was appointed CEO in 2015. Merritt’s departure comes about five months after Splunk received an 884 million euro ($1 billion) investment from venture capitalist SilverLake. Chairman of the Board Graham Smith, who has served as Salesforce CFO in the past, will assume the role of CEO for the foreseeable future. According to Merritt, it is time for someone else to lead the company. ![]()
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