Splunk has acquired all of the outstanding stock of Caspida for a total of some $190 million, including $127 million in cash and $63 million in restricted Splunk securities.
The combination of Splunk and Caspida technology is said to revolutionize the security market by unifying breach response with breach detection
Splunk customers now have out-of-the-box user behavioral analytics to help detect, respond to and mitigate these threats.
“With this acquisition, our customers can now also better detect advanced threats — the breaches that are becoming more complex and severe with each passing day,” said Haiyan Song, SVP of security markets at Splunk.
“With Caspida, Splunk accelerates its focus on solving advanced threats — both external and from insiders — by shining a light on those who are wrongfully using valid credentials to freely and unpredictably exploit systems they have accessed,” said Song.
Muddu Sudhakar, CEO of Caspida, said that the company was founded with a vision of applying data science to help solve the most pressing cybersecurity challenges — advanced threats and insider threats.
“By analyzing machine data and using data science to detect meaningful anomalous behavior of users, devices and entities, Caspida has solved a problem that previously required significant manpower and expensive, do-it-yourself toolsets,” said the CEO.