Splunk Receives 1 Billion Investment From Silver Lake To Fuel Growth Efforts
“We’ve significantly evolved our business since we began our transformation to become a cloud-first company over two years ago, and today’s announcement reaffirms the strength of our business fundamentals, cloud strategy and high-growth trajectory,” said Splunk CEO Doug Merritt. “Silver Lake has a strong reputation and track record of investing in innovative technology companies, and with their support, we are accelerating toward our goals.” As part of the investment, Kenneth Hao, chairman and managing partner of Silver Lake, will join Splunk’s board of directors....