4. Splunk Acquires Phantom Cyber
Purchase Price: $350 Million
Splunk extended its security capabilities through the April purchase of security orchestration, automation and response (SOAR) software developer Phantom Cyber.
The San Francisco-based company said it will integrate Palo Alto, California-based Phantom's software with the Splunk platform to create a comprehensive system that SecOps teams can use to accelerate incident response, advance cyber defense, and reduce organizational risk using analytics-driven security. It will also help better manage security operations centers with reduced staffs, according to Splunk.
Security operations center analysts utilize SOAR systems to automate tasks, orchestrate workflows, improve collaboration, and help organizations respond more quickly to security threats, according to Splunk. Phantom CEO and Founder Oliver Friedrichs remained with the company, and is now reporting to Splunk's SVP and GM of Security Markets Haiyan Song.