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GrowthPoint Acted as Exclusive Financial Advisor to Omnition on its Acquisition by Splunk

Tags: #Middleware

Omnition is a Saas observability platform for microservices applications.

Menlo Park, CA – GrowthPoint is pleased to announce that our client, Omnition, a SaaS observability platform for microservices applications has been acquired by Splunk.

Businesses are changing at speeds that require new approaches for software development, deployment and monitoring. As DevOps continue to evolve, cloud-native technologies such as microservices, containers and orchestrated environments (i.e Docker and Kubernetes) are fueling previously unanticipated business outcomes. At the same time, new technologies introduce unique challenges to developers tasked with ensuring high availability and seamless operations. Omnition enables IT Operations and software developers with a transparent view into how microservice and container-based workloads come together by providing a powerful observability platform.

“The combined power of Splunk and Omnition will provide users with a leading observability technology, bringing tracing together with logs within one of the most advanced IT monitoring and analytics platform,” said Splunk CTO Tim Tully.

“We are in full alignment with Splunk on our approach to distributed tracing, our commitment to OpenTelemetry, and our vision of a tightly integrated Observability platform that combines traces, metrics and logs. By joining forces, we can accelerate this vision and help our customers accelerate their own cloud native journey,” Spiros Xanthos, Omnition CEO.

The acquisition of Omnition plays into Splunk’s unwavering mission of finding new ways to deliver remarkable products to customers and to be a leader in observability and Application Performance Monitoring (APM) for organizations at every stage of the cloud journey. Adding Omnition to Splunk’s IT and Developer portfolio will help customers gain insights across the entire enterprise application portfolio from on-premise data centers to cloud based applications and infrastructure.

With the team led by Anson Kwan, Growthpoint acted as the sole financial advisor to Omnition.

About Splunk

Splunk Inc. (NASDAQ: SPLK) helps organizations ask questions, get answers, take actions and achieve business outcomes from their data. Organizations use market-leading Splunk solutions with machine learning to monitor, investigate and act on all forms of business, IT, security, and Internet of Things data.

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