Needle. Haystack. Found: Splunk Continues To Grow As It Prepares For An IPO In 2012

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Why Haven't The Big Games Sold Well Recently?

You may not know about Splunk but you should. The company, which indexes and makes searchable data from any app, server or network device in real time including logs, config files, messages, and alerts; is growing by leaps and bounds and is eying an IPO in 2012.

For the third quarter of 2010, Splunk experienced year-over-year growth of 96 percent and added 255 new customers, including 104 outside the U.S., bringing the company’s total count to more than 2,000 paying customers. Clients include Credit Suisse, LinkedIn, T-Mobile, Swisscom, Shutterfly, Heroku and the US Departments of Labor and Energy.

The company, which is cash-flow positive and profitable, saw $40 million in 2009 revenues, up 125% from 2008. And Splunk expects to see over 60 million in revenues in 2010 and will plan to go public in 2012.

So why is Splunk growing? Because the company makes IT administrators lives much easier. For example, you can search the indexed machine data for 503 error codes, instead of manually laboring through all the server data to find the error codes.

Cloud providers are also a fast growing customer base for Splunk. Heroku, GoodData, SendGrid,
Netsmart Technologies and Genius.com are all using Splunk to manage their complex cloud environments. Clients can also monitor distributed deployment across thousands of servers in multiple data centers; manage the infrastructure of a cloud platform-as-a-service (PaaS); monitor performance of cloud- delivered SaaS solutions and monitor hybrid SaaS/hosted models.

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