Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here.
Enterprise data software company Splunk has filed for a $125 million initial public offering, according to its SEC S-1 form.
San Francisco-based Splunk offers businesses software to better analyze and interpret their data. The company’s mission is to “make machine data accessible, usable and valuable to everyone.” The company claims that more than 3,300 customers, including most of the Fortune 100 and various government agencies, use Splunk’s software. Companies such as Bank of America, Salesforce, Zynga, LinkedIn and T-Mobile USA are on that list.
Splunk offers free and enterprise-level products. Its free software is intended for individuals, while the enterprise offering is meant for multiple users. The software’s data analyses is intended to improve service levels, reduce IT operations costs and beef up security.
On the financial side, the company had revenues of $18.2 million, $35 million and $66.2 million in 2009, 2010 and 2011. During those years, the company’s net loss was $14.8 million, $7.5 million and $3.8 million. Essentially, the company keeps losing less money each year, but it’s still unprofitable overall.
VB Event
The AI Impact Tour
Connect with the enterprise AI community at VentureBeat’s AI Impact Tour coming to a city near you!
Splunk intends to file under the symbol “SPLK.” If approved, it will most likely be listed on the NASDAQ stock exchange.
A video outlining Splunk 4.3, the company’s latest comprehensive software offering, can be viewed below:
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.
